I need the answer of b)
The following is a condensed version of the comparative balance sheets for Sarasota Corporation for the last two years at December 31. Additional information: Itwestments were sold at a loss of $11,000, no equipment was sold; cash dividends paid were $33,000; and net income was $176,000. Cash Flows from Operating Activities Net Income $ 176000 Adjustments to reconcile net income to Net Cast Prowided by Operating Activities Depreciation Expense $ 18700 Decrease in Accounts Receivable Decrease in Current Liabilities 18700 Loss on Sale of investments Cash Flows from Investing Activities Net Cash Provided by Operating Activities Purchase of Equipment b3800 Castiflows from Finarcing Activities: Payment of Cish Dividends Nol Inchane incav' Caihat Becinining of Ycar Cashat End of Whe Your answer is incorrect. Determine Sarasota Corporation's free cash flow. (Show arnount that decrease cash flow with either a - sign e.s. -15,000 or in parenthesis eg. (15,000). Free cash flow The following is a condensed version of the comparative balance sheets for Sarasota Corporation for the last two years at December 31. Additional information: Itwestments were sold at a loss of $11,000, no equipment was sold; cash dividends paid were $33,000; and net income was $176,000. Cash Flows from Operating Activities Net Income $ 176000 Adjustments to reconcile net income to Net Cast Prowided by Operating Activities Depreciation Expense $ 18700 Decrease in Accounts Receivable Decrease in Current Liabilities 18700 Loss on Sale of investments Cash Flows from Investing Activities Net Cash Provided by Operating Activities Purchase of Equipment b3800 Castiflows from Finarcing Activities: Payment of Cish Dividends Nol Inchane incav' Caihat Becinining of Ycar Cashat End of Whe Your answer is incorrect. Determine Sarasota Corporation's free cash flow. (Show arnount that decrease cash flow with either a - sign e.s. -15,000 or in parenthesis eg. (15,000). Free cash flow