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Problem 12-5A Bramble Corp.'s income statement contained the condensed information below. Bramble Corp. Income Statement For the Year Ended December 31, 2017 $3,171,900 Service revenue
Problem 12-5A Bramble Corp.'s income statement contained the condensed information below. Bramble Corp. Income Statement For the Year Ended December 31, 2017 $3,171,900 Service revenue Operating expenses, excluding depreciation 2,007,780 Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income 179,850 52,320 2,239,950 931,950 183,120 $748,830 Bramble Corp.'s balance sheet contained the compartive data at December 31 2017 2016 Accounts receivable Accounts payable Income taxes payable $228,900 134,070 42,510 $196,200 104,640 22,890 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect parenthesis e.g. (15,000).)
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