Please do not give solution in image format thanku Oriole's income statement reported the following selected information for the year endedMarch 31, 2018: net income was $270,000, depreciation expense was $68,000, and a losson the disposal of land was $10,000. Oriole uses a perpetual inventory system. Calculate netcash provided (used) by operating activities using the indirect method. (Show amounts thatdecrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) The comparative statement of financial position for Oriole Corporation shows the followingnoncash current asset and liability accounts at March 31:Accounts receivableInventoryAccounts payableDividends payableOperating activitiesNet income2018$69,000Depreciation expenseLoss on disposal of land80,000djustments to reconcile net income toInventory increase34,000Net cash provided (used) by operatingAccounts receivable increaseStatement of Cash Flows (Partial)-Indirect MethodMonth Ended March 31, 20181,200Accounts receivable decrease2017$43,50063,00046,000Net cash provided by operating activiti2,000$$$

Name: Please do not give solution in image format thanku Oriole's income sta
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku Oriole's income statement reported the following selected information for the year endedMarch 31, 2018: net income was $270,000, depreciation expense was $68,000, and a losson the disposal of land wa