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CALCULATOR Exercise 23-06 Carla Comriny's income statement for the year ended December 31, 2020, contained the following condensed information $843,000 Service revenue Operating ex nses
CALCULATOR Exercise 23-06 Carla Comriny's income statement for the year ended December 31, 2020, contained the following condensed information $843,000 Service revenue Operating ex nses (excluding depreciation) Depreciation e ense Loss on sale of equipment Income before income taxes Income tax expense Net income $626,000 61,000 26,000 713,000 130,000 41,000 $89,000 Carla's balance sheet contained the following comparative data at December 31. 2020 2019 Accounts receivable $38,000 $55,000 Accounts payable 39,000 32,000 Income taxes payable 4,200 8,700 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease ca e.g. -15,000 or in parenthesis e.g. (15,000).) CARLA COMPANY Statement of Cash Flows (Partial) CARLA COMPANY Statement of Cash Flows (Partial) Adjustments to reconcile net income to >
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