Question 4 of 8 - / 1 !! The current assets and liabilities sections of the comparative balance sheet of Oriols Inc, a private company reporting under ASPE, at October 21 are presented below, along with the income statement: ORIOLE INC. Comparative Balance Sheet Accounts 2021 2020 Cash $74,250 $78,750 30.750 Accounts receivable 49,000 Inventory 24.375 34,500 Prepaid expenses 5,625 4.350 Accounts payable 32.250 27,000 Accrued expenses payable 3,750 6,000 Dividends payable 19,000 12.750 Income taxes payable 5,100 8,950 ORIOLE INC. Income Statement Year Ended October 31, 2021 $469,750 Sales Cost of goods sold 292.300 Gross profit 176,250 $66,000 Operating expenses Depreciation expense Loss on sale of equipment 17,250 6,000 89,250 Profit before income taxes 87.000 Income taxes 21,750 Profit $65,250 with either a-sign eg -15.000 or in parenthesis eg. 115.000 ORIOLE INC Cash Flow Statement (Partial) Adjustments to reconcile profitto e Textbook and Media Save for later Attempts: 0 of 3 used Submit