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Sweet Acacia Companys income statement contained the condensed information below Sweet Acacia Company Income Statement For the Year Ended December 31, 2017 Service revenue Operating
Sweet Acacia Companys income statement contained the condensed information below
Sweet Acacia Company Income Statement For the Year Ended December 31, 2017 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $1,144,600 724,520 64,900 18,880 808,300 336,300 66,080 $270,220 Sweet Acaca Company's balance sheet contained the comparatve data at December 31. 2017 2016 Accounts receivable Accounts payable Income taxes payable $82,600 48,380 15,340 $70,800 37,760 8,260 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).) Sweet Acacia Company Partial Statement of Cash Flows Adjustments to reconcile net income toStep by Step Solution
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