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Problem 12-5A Your answer is partially correct. Try again. Bramble Corp.'s income statement contained the...

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Accounting

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Problem 12-5A Your answer is partially correct. Try again. Bramble Corp.'s income statement contained the condensed information below Bramble Corp Income Statement For the Year Ended December 31, 2017 $3,171,900 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $2,007,780 179,850 52,320 2,239,950 931,950 183,120 $748,830 Bramble Corp.'s balance sheet contained the comparative data at December 31 2017 2016 Accounts receivable Accounts payable Income taxes payable $228,900 134,070 42,510 $196,200 104,640 22,890 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).)

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