Exercise 12-5 The current sections of Oriole Company's balance sheets at December 31, 2018 and...
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Exercise 12-5 The current sections of Oriole Company's balance sheets at December 31, 2018 and 2019, are presented here Oriole's net income for 2019 was $150,500. Depreciation expense was $25,000 2019 2018 Current assets Cash Accounts receivable Inventory Prepaid expenses $107,500 108,300 159,000 26,200 $401,000 $97,200 77,200 172,100 25,000 $371,500 Total current assets Current liabilities $14,400 85,700 $100,100 $8,100 95,900 $104,000 Accrued expenses payable Accounts payable Total current liabilities Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, 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)
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