Sarasota Corporation had the following 2021 income statement data: $196,740 120,000 Sales Cost of goods sold Gross profit Operating expenses (includes depreciation of $20,960) Profit 76.740 47.990 $ 28,750 The following accounts increased during 2021 by the amounts shown: Accounts Receivable, $17,410; Inventory, $11,170: Accounts Payable, $12,550; Mortgage Payable $40,000. . D E F G H 1 J K 19 21 22 23 20 Enter your unique data into the following green boxes using the information you have copied above from Wiley Plus Question 1 Item from above Amount $ 2 marks will be deducted if you do not complete this part of the question. Sales Revenue Cost of Goods Sold 24 Operating Expenses 25 Profit Depreciation 27 Change in Accounts Receivable 28 Change in Inventory Change in Accounts Payable Change in Mortgage Payable 31 26 29 30 A D F H 1 J K L M N 32 B G Required: Prepare the Operating activities section of the cash flow statement using the DIRECT method: 33 a) (7 marks) 34 35 Put all your calculations here: 36 Insert name of company Statement of Cash Flows (Partial) Enter the date in the proper format 37 38 39 40 41 42 43 44 45 46 47 48 49 50 V Talking: 51 A B D E F G H 1 J K L 53 54 b) 55 Review the selected information for two retail companies below: (3 marks) 56 57 58 59 Reitman's Le Chateau Jan. 28, 2017 Jan. 28, 2017 Cash provided by operating activities $ 53,897 $ (7,428) Cash provided by investing activities (33,954) (4,516) Cash provided by financing activities (14,562) 12.755 60 61 62 Required Discuss which company appears to be in a stronger financial position. Use the cash flows reported above to support your answer. 63 64 65 66 67 68 69 70 71 72