Sarasota Company's income statement contained the following Sarasota Company Income Statement For the Year Ended December 31, 2025 Service revenue Operating expenses, excluding depreciation $1,412,200 Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $2,231,000 126,500 36,800 1,575,500 655,500 128,800 $526,700 Sarasota's balance sheets contained the following comparative data at December 31. 2025 2024 Accounts receivable $161,000 $138,000 Accounts payable 94,300 73,600 Income taxes payable 29.900 16,100 Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2025 Adjustments to reconcile net income to $