116 Unit 10 Lab Assignment Question 6 of 7 < > Bramble Company's income statement contained the following condensed information. BRAMBLE COMPANY Income Statement For the Year Ended December 31, 2022 Service revenue $971,600 Operating expenses, excluding depreciation $623,200 Depreciation expense 54,500 Loss on disposal of plant assets 25,800 703,500 Income before income taxes 268,100 40,300 Income tax expense Net income $227,800 Bramble's balance sheets contained the comparative data at December 31, shown below. 2022 2021 Accounts receivable $75,800 $59,100 Accounts payable 41.400 27.100 5.25/9 E III Question 6 of 7 < > income verore income taxes Income tax expense Net income 5.25/9 ! 200,100 40,300 $227,800 Bramble's balance sheets contained the comparative data at December 31, shown below. 2022 2021 Accounts receivable $75,800 $59,100 Accounts payable 41,400 27,100 Income taxes payable 13,800 7,400 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 eg.-15,000 or in parenthesis e.g. (15,000).) BRAMBLE COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 Question 6 of 7 < > 5.25/9 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 eg.-15,000 or in parenthesis eg. (15,000)) BRAMBLE COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Cash Receipts from Customers Less cash payments: For Operating Expenses $ 632,200 For Income Taxes Net Cash Provided by Operating Activities eTextbook and Media. 14300 227800 84300 143500 Assistance Used