The current sections of Oriole Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022was $152,400. Depreciation expense was $26,900.Current assetsCashAccounts receivableInventoryPrepaid expensesTotal current assetsCurrent liabilitiesAccrued expenses payableAccounts payableTotal current liabilities2022$104,80081,500169,00026,900$382,200$14,50084,400$98,9002021Adjustments to reconcile net income to$96,20089,200172,20022,400V$380,000$9,80095.900Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using theindirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)$105,700ORIOLE INC.Partial Statement of Cash Flows$O

Please find the Partial Cash Flows Statement of Oriole Inc. in Step - 2 Below.

The current sections of Oriole Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $152,400. Depreciation expense was $26,900. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets 2022 $104,800 81,500 169,000 26,900 $293.200 2021 $96,200 89,200 172,200 22,400 6000 e

The current sections of Oriole Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $152,400. Depreciation expense was $26,900. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets 2022 $104,800 81,500 169,000 26,900 $293.200 2021 $96,200 89,200 172,200 22,400 6000 e

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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