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Oriole Company reported net income of $189.230 for 2022. Oriole Company also reported depreciation expense of $38,350 and a loss of $4,720 on the disposal
Oriole Company reported net income of $189.230 for 2022. Oriole Company also reported depreciation expense of $38,350 and a loss of $4,720 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,800 for the year, a $16,380 increase in accounts payable, and a $4,140 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) Oriole Company Partial Statement of Cash Flows Adjustments to reconcile net income to
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