Problem 17-06A Zumbrunn Company's income statement contained the following condensed information. 5969,200 ZUMBRUNN COMPANY Income...
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Problem 17-06A Zumbrunn Company's income statement contained the following condensed information. 5969,200 ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 Service revenue Operating expenses, excluding depreciation $624,900 Depreciation expense 54.100 Loss on disposal plant assets 24,000 Income before income taxes Income tax expense Net income 703,000 266,200 40,100 $226,100 Zumbrunn's balance sheets contained the comparative data at December 31, shown below. Accounts receivable Accounts payable Income taxes payable 2020 $74.700 41,600 11,600 2019 $60,600 28,000 6,200 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) ZUMBRUNN COMPANY Partial Statement of Cash Flows cash payments: Click if you would like to show Work for this question: Onen She Work
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