Current Attempt in Progress The statement of income of Sarasota Transport Inc. for the year ended December 31, 2023, reported the following condensed information: Service revenue SARASOTA TRANSPORT INC. Income Statement Year Ended December 31, 2023 Operating expenses Income from operations $ 565,000 435,000 130,000 Other revenues and expenses Gain on disposal of equipment $ 50,000 Interest expense 20,000 30,000 Income before income tax 160,000 Income tax 32,000 Net income $ 128,000 Sarasota's statement of financial position included the following comparative data at December 31: 2023 2022 Accounts receivable $ 61,500 $ 73,500 Prepaid insurance 20,500 6,000 Accounts payable 50,000 76,500 Interest payable 6,000 1,500 Income tax payable 32,000 17,000 Unearned revenue 33,000 50,000 Additional information: Operating expenses include $170,000 in depreciation expense. The company follows IFRS. Assume that interest is treated as an operating activity for purposes of the statement of cash flows. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2023, 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 TRANSPORT INC. Partial Statement of Cash Flows Cash flows from operating activities Net Income/(Loss) Adjustments to reconcile net income to net cash provided by operating activities: Net cash operating activities