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A comparative statement of financial position for Sarasota Industries Inc. follows: Additional information: 1. Net income for the fiscal year ended December 31,2023 , was
A comparative statement of financial position for Sarasota Industries Inc. follows: Additional information: 1. Net income for the fiscal year ended December 31,2023 , was $148,000. 2. Cash dividends of $77,200 were declared and paid. Dividends paid are treated as financing activities, 3. Bonds payable amounting to $69,000 were retired through the issuance of common shares. 4. Land was sold at a gain of $5,000. 5. No equipment was sold during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow using either a negative sign preceding the number es. -45 or parentheses es. (45)) During the year, Sarasota retired \$ in bonds payable by issuing common shares. Disclosure for the amount paid for interest and income tax would be included
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