The comparative statement of financial position for Oriole Corporation shows the following noncash current asset and...

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The comparative statement of financial position for Oriole Corporation shows the following noncash current asset and liability accounts at March 31: 2024 2023 Accounts receivable $60,000 $46,500 Inventory 77,000 64,000 Accounts payable 27,500 47,000 Dividends payable 1,000 2,000 Oriole's statement of income reported the following selected information for the year ended March 31, 2024: net income was $270,000, depreciation expense was $60,000, and a loss on the disposal of land was $16,000. Oriole uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) ORIOLE CORPORATION Statement of Cash Flows (Partial) For the Month Ended March 31, 2024 For the Year Ended March 31, 2024 March 31, 2024 Adjustments to reconcile net income to Statement of Cash Flows (Partial) Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash 10 $ Statement of Cash Flows (Partial) Adjustments to reconcile net income to +A Accounts Payable Decrease Accounts Payable Increase Accounts Receivable Decrease Accounts Receivable Increase Depreciation Expense. Income Tax Payable Decrease Income Tax Payable Increase Interest Payable Decrease Interest Payable Increase Inventory Decrease Inventory Increase Loss on Disposal of Lan Net Income Prepaid Expenses Decrease Prepaid Expenses Increase Profit on Disposal of Land ORIOLE CORPORATION Statement of Cash Flows (Partial) Adjustments to reconcile net income to The comparative statement of financial position for Oriole Corporation shows the following noncash current asset and liability accounts at March 31: 2024 2023 Accounts receivable $60,000 $46,500 Inventory 77,000 64,000 Accounts payable 27,500 47,000 Dividends payable 1,000 2,000 Oriole's statement of income reported the following selected information for the year ended March 31, 2024: net income was $270,000, depreciation expense was $60,000, and a loss on the disposal of land was $16,000. Oriole uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) ORIOLE CORPORATION Statement of Cash Flows (Partial) For the Month Ended March 31, 2024 For the Year Ended March 31, 2024 March 31, 2024 Adjustments to reconcile net income to Statement of Cash Flows (Partial) Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash 10 $ Statement of Cash Flows (Partial) Adjustments to reconcile net income to +A Accounts Payable Decrease Accounts Payable Increase Accounts Receivable Decrease Accounts Receivable Increase Depreciation Expense. Income Tax Payable Decrease Income Tax Payable Increase Interest Payable Decrease Interest Payable Increase Inventory Decrease Inventory Increase Loss on Disposal of Lan Net Income Prepaid Expenses Decrease Prepaid Expenses Increase Profit on Disposal of Land ORIOLE CORPORATION Statement of Cash Flows (Partial) Adjustments to reconcile net income to