Current Attempt in Progress

Sarasota Corporation had the following 2020 income statement.

Sales revenue		$197,000
Cost of goods sold		125,000
Gross profit		72,000
Operating expenses (includes depreciation of $19,000)		46,000
Net income		$26,000

The following accounts increased during 2020: Accounts Receivable $11,000, Inventory $11,000, Accounts Payable $14,000. Prepare the cash flows from operating activities section of Sarasotas 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Sarasota Corporation Statement of Cash Flows-Indirect Method (Partial) choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Increase in Accounts ReceivableCash Payment to SuppliersNet IncomeDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableCash Payment for Operating ExpensesIncrease in Accounts PayableCash Received from CustomersDepreciation expenseDecrease in Accounts Payable		$enter a dollar amount
Adjustments to reconcile net income to
select an opening subsection name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Cash Payment to SuppliersCash Payment for Operating ExpensesDecrease in Accounts ReceivableIncrease in Accounts PayableDepreciation expenseNet IncomeDecrease in InventoryIncrease in Accounts ReceivableDecrease in Accounts PayableIncrease in InventoryCash Received from Customers	$enter a dollar amount
select an item Decrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in InventoryIncrease in Accounts PayableCash Payment for Operating ExpensesNet IncomeDepreciation expenseIncrease in InventoryCash Received from CustomersCash Payment to SuppliersDecrease in Accounts Payable	enter a dollar amount
select an item Increase in InventoryDecrease in Accounts ReceivableCash Received from CustomersNet IncomeIncrease in Accounts ReceivableCash Payment for Operating ExpensesDecrease in InventoryIncrease in Accounts PayableDepreciation expenseCash Payment to SuppliersDecrease in Accounts Payable	enter a dollar amount
select an item Cash Payment for Operating ExpensesIncrease in Accounts PayableDecrease in InventoryNet IncomeCash Received from CustomersCash Payment to SuppliersDepreciation expenseIncrease in Accounts ReceivableIncrease in InventoryDecrease in Accounts PayableDecrease in Accounts Receivable	enter a dollar amount
		enter a total amount of adjustments
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$enter a total amount for this section