please fill in all blanks for statement of cash flows The current sections of Sarasota Corp's balance
Fantastic news! We've Found the answer you've been seeking!
Question:
please fill in all blanks for statement of cash flows
Transcribed Image Text:
The current sections of Sarasota Corp's balance sheets at December 31, 2021 and 2022, are presented here. Sarasota Corp's net income for 2022 was $152,400. Depreciation expense was $25,200. 2022 2021 Current assets Cash $37,200 $53,400 Accounts receivable 51,000 41,400 Inventory 46,800 37,200 Prepaid expenses 10,200 11,400 Total current assets $145,200 $143,400 Current liabilities Accrued expenses payable $3,600 $9.600 Accounts payable 52.800 43,200 Total current liabilities $56,400 $52,800 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign es-15.000 or in parenthesis eg. [15,000)) The current sections of Sarasota Corp's balance sheets at December 31, 2021 and 2022, are presented here. Sarasota Corp's net income for 2022 was $152,400. Depreciation expense was $25,200. 2022 2021 Current assets Cash $37,200 $53,400 Accounts receivable 51,000 41,400 Inventory 46,800 37,200 Prepaid expenses 10,200 11,400 Total current assets $145,200 $143,400 Current liabilities Accrued expenses payable $3,600 $9.600 Accounts payable 52.800 43,200 Total current liabilities $56,400 $52,800 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign es-15.000 or in parenthesis eg. [15,000))
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Create a Stored Procedure: Stored procedures allow you to make changes to the database structure and manage performance without needing to rewrite applications or deploy application updates. In this...
-
What is the standard deduction amount for a dependent? Under what conditions can a dependent claim the same standard deduction as a single individual who is not a dependent?
-
A horizontal drum, a cross-section of which is shown below, is being filled with benzene (density = 0.879 g/cm 3 ) at a constant rate m_ (kg/min). The drum has a length L and radius r, and the level...
-
Match each of the following terms A through G with the appropriate definitions 1 through 7. A. FICA taxes B. Payroll register C. Withholding allowance D. Gross pay E. Wage bracket withholding table...
-
A bookkeeper in a $3 million retail company had earned the trust of her supervisor, so various functions normally reserved for management were assigned to her, including the authority to issue and...
-
The radius of a circle is increasing at a rate of 10 centimeters per minute. Find the rate of change of the area when the radius is 3 centimeters. Round your answer to one decimal place. The rate of...
-
c) Using the configuration shown in Fig Q5(c), design a feedback amplifier with a closed loop gain of 10. Use small signal transistors having hfe=100 and a 30 volt supply. Justify all steps in your...
-
1. What are differential revenues and costs? 2. What is differential analysis? 3. Define what is meant by a "make-or-buy" decision. Describe how differential analysis can be used to assist in making...
-
Consider an electron, of charge magnitude e =1.60210 -19 Cand mass m e =9.1110 -31 kg,moving in an electric field with an electric field magnitude E =810 2 N/C,similar to what Thana observed in the...
-
Humpty Doo Production Systems Pty Ltd make designer kitchen furniture for the Top End home market. There are two types of product, the Family Suite, and the upmarket Designer Suite. In September 2023...
-
Small sphere attached to a light rigid rod rotates about an axis perpendicular to and fixed to the other end of the rod. Relative to the positive direction of the axis of rotation, the angular...
-
Beech Corporation is a merchandising company that is preparing a master budget for the third quarter. The company's balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June...
-
What is Brad's motivation of goal setting theory?
-
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
Study smarter with the SolutionInn App