Brief Exercise 3-12

Tamarisk Company had cash receipts from customers in 2017 of $144,140. Cash payments for operating expenses were $86,280. Tamarisk has determined that at January 1, accounts receivable was $11,260, and prepaid expenses were $15,950. At December 31, accounts receivable was $21,870, and prepaid expenses were $20,070. Compute (a) service revenue and (b) operating expenses.

(a) Service Revenue |(b) Operating Expenses $ tA