can you please correct all my wrong ones? thanks.
The comparative balance sheets of Sarasota Corporation at the beginning and end of the year 2020 appear below. SARASOTA CORPORATION BALANCE SHEETS Dec 31, 2020 Jan. 1. 2020 Inc./Dec. Assets Cash $21,280 $15.240 $6,040 Inc Accounts receivable 107,280 90.240 17,040 Inc Equipment 40.280 24,240 16.040 Inc $ Less Accumulated Depreciation Equipment (17.000 (11.000 6,000 Inc Total $151,840 $118.720 Lisbilities and Stockholders Equity Accounts payable $21,280 $17.240 4040 Inc. Common stock 101.280 82.240 Retained earning 19.040 Inc 29.280 10.040 Inc Total 19.240 $118.720 $151,840 Total $ 151,840 $118,720 Net income of $45.280 was reported, and dividends of $35,240 were paid in 2020. New equipment was purchased and none was sold. (a) Your answer is partially correct. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a - signe.3. -15,000 or in parenthesis e.3. (15.000).) SARASOTA CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income LA 45.280 Adjustment to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 6,000 Increase in Accounts Receivable : (17,040) Increase in Accounts Payable 4,040 38,280 Net Cash Used by Operating Activities 83,560 Net Cash Used by Operating Activities 83,560 Cash Flows from Investing Activities Purchase of Equipment 16,040 Cash Flows from Investing Activities Issuance of Common Stock 19.040 Payment of Dividends 35.240 Net Cash Used by Financing Activities 16,200 Net Increase in Cash 6,040 Cash at Beginning of Year 4 15.240 Net Cash Used by Financing Activities 16,200 Net Increase in Cash 6,040 Cash at Beginning of Year 15.240 Cash at End of Year $ 21.280 e Textbook