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Rewe Company's income statement contained the following condensed information. Rewe Company Income Statement For the Year Ended December 31, 2022 Service revenue $970,000 Operating
Rewe Company's income statement contained the following condensed information. Rewe Company Income Statement For the Year Ended December 31, 2022 Service revenue $970,000 Operating expenses, excluding depreciation $614,000 Depreciation expense 55,000 Loss on disposal of plant assets 16,000 685,000 Income before income taxes 285,000 Income tax expense Net income 56,000 $229,000 Rewe's balance sheets contained the following comparative data at December 31. 2022 2021 Accounts receivable $70,000 $60,000 Accounts payable 41,000 32,000 Income taxes payable 13,000 7,000 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).) Rewe Company Partial Statement of Cash Flows Adjustments to reconcile net income to >
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