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12 Homework Question 3 of 5 -/5 View Policies Current Attempt in Progress The current sections of Sarasota Corp's balance sheets at December 31, 2021

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12 Homework Question 3 of 5 -/5 View Policies Current Attempt in Progress 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 $91,800, Depreciation expense was $16,200. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $63,000 $59.400 48,000 53.400 100.800 103,200 16,200 13,200 $228,000 $229,200 $ 9,000 51.000 $60,000 $3,000 55.200 $58,200 Prepare the net cash provided (used) 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 e.s. -15,000 or in parenthesis es (15,000).) Sarasota Corp. Partial Statement of Cash Flows Question 3 of 5 -/5 Prepare the net cash provided (used) 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 e.g. -15,000 or in parenthesis e-8 (15,000).) Sarasota Corp. Partial Statement of Cash Flows $ Adjustments to reconcile net income to $ $

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