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Current Attempt in Progress Your answer is partially correct. Sarasota Corporation had the following 2020 income statement. Sales revenue $195,000 Cost of goods sold
Current Attempt in Progress Your answer is partially correct. Sarasota Corporation had the following 2020 income statement. Sales revenue $195,000 Cost of goods sold 132,000 Gross profit 63,000 Operating expenses (includes depreciation of $21,000) 45,000 Net income $18,000 The following accounts increased during 2020: Accounts Receivable $12.000, Inventory $11,000, Accounts Payable $12.000. Prepare the cash flows from operating activities section of Sarasota's 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000))
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