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Problem 12-5A Oriole Company's income statement contained the condensed information below Oriole Company Income Statement For the Year Ended December 31, 2017 $2,279,500 Service revenue
Problem 12-5A Oriole Company's income statement contained the condensed information below Oriole Company Income Statement For the Year Ended December 31, 2017 $2,279,500 Service revenue Operating expenses, excluding depreciation$1,442,900 Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income 129,250 37,600 1,609,750 669,750 131,600 $538,150 Oriole Company's balance sheet contained the comparative data at December 31 2017 2016 Accounts receivable Accounts payable Income taxes payable $164,500 96,350 30,550 $141,000 75,200 16,450 Accounts payable pertain to operating expenses Prepare the operating activities section of the statement of cash flows using the indirect method. ( Oriole Company
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