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Prepare the operating activities section of the statement

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Question - Oriole Company reported net income of $189,230 for 2022. Oriole Company also reported depreciation expense of $38,350 and a loss of $4,720 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,800 for the year, a $16,380 increase in accounts payable, and a $4,140 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method.

Reference no: EM133168486

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