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Problem 12-5A Larkspur, Inc.'s income statement contained the following condensed information Larkspur, Inc. Income Statement For the Year Ended December 31, 2019 Service revenue $972,000

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Problem 12-5A Larkspur, Inc.'s income statement contained the following condensed information Larkspur, Inc. Income Statement For the Year Ended December 31, 2019 Service revenue $972,000 $624,000 Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income 54,000 25,100 703,100 268,900 39,200 229,700 Larkspur's balance sheets contained the comparative data at December 31, shown below 2019 2018 Accounts payable Income taxes payable $74,500 42,000 12,300 $60,900 27,300 7.900 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Larkspur, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to

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