Ivanhoe Company's income statement contained the condensed information...
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Ivanhoe Company's income statement contained the condensed information below. Ivanhoe Company Income Statement For the Year Ended December 31, 2022 Service revenue $3,104,000 Operating expenses, excluding depreciation $1.964,800 Depreciation expense 176,000 Loss on disposal of plant assets 51,200 2,192,000 Income before income taxes 912,000 Income tax expense 179,200 Net income $732,800 Ivanhoe Company's balance sheets contained the following comparative data at December 31. Accounts receivable Accounts payable Income taxes payable 2022 2021 $224,000 $192,000 131,200 102,400 41,600 22,400 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 Ivanhoe Company Partial Statement of Cash Flows Adjustments to reconcile net income to 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 flo Ivanhoe Company Partial Statement of Cash Flows Adjustments to reconcile net income to
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