Assuming Ivanhoe reports under ASPE, prepare the operating activities section of the cash flow statement using the indirect method

The income statement of Ivanhoe International Inc. contained the following condensed information: IVANHOE INTERNATIONAL INC. Income Statement Year Ended December 31, 2021 Service revenue $463,000 Operating expenses $234,000 Depreciation expense 31.500 Loss on sale of equipment 21,500 287,000 Profit from operations 176,000 Other revenues and expenses Interest expense 9,300 Profit before income taxes 166,700 Income tax expense 41.675 Profit $125,025 Ivanhoe's balance sheet contained the following comparative data at December 31: 2021 2020 Accounts receivable $48,500 $38,600 4,300 7.300 28,600 39.300 Prepaid insurance Accounts payable Interest payable Income tax payable Unearned revenue 1.650 1.180 2.650 3,800 11.300 6,800 Additional information Accounts payable relate to operating expenses. Assuming Ivanhoe reports under ASPE, prepare the operating activities section of the cash flow statement usia method. (Show amounts that decrease cash flow with either a - signes, 15,000 or in parenthesis es. (15,000)) IVANHOE INTERNATIONAL INC. Cash Flow Statement (Partial Indirect Method 1.050 1.180 2,650 3,800 Income tax payable Unearned revenue 11,300 6,800 Additional information: Accounts payable relate to operating expenses. Assuming Ivanhoe reports under ASPE, prepare the operating activities section of the cash flow statement using the indirec method. (Show amounts that decrease cash flow with either a - signes.-15,000 or in parenthesis es (15,0001) IVANHOE INTERNATIONAL INC. Cash Flow Statement (Partial)- Indirect Method Adjustments to reconcile profit to C $ Attempts: 0 of 2 used Suman Sve fotate