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See attachment with assignment. Brief Exercise 23-9 Sarasota Corporation had the following 2017 income statement. Revenues $104,000 Expenses 61,000 $43,000 In 2017, Sarasota had the

See attachment with assignment.

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Brief Exercise 23-9 Sarasota Corporation had the following 2017 income statement. Revenues $104,000 Expenses 61,000 $43,000 In 2017, Sarasota had the following activity in selected accounts. Accounts Receivable 1/1/ 17 21, 000 Reve nues 104 ,00 0 12/3 1/17 27, 000 Write -offs 1,0 00 Colle ction s 97, 00 0 Allowance for Doubtful Accounts Writ 1,00 e0 offs 1/1/17 1,100 Bad debt expense 1,900 12/31/17 2,000 (a) Prepare Sarasota's cash flows from operating activities section of the statement of cash flows using the direct method. Sarasota Corporation Statement of Cash Flows-Direct Method (Partial) $ $ Sarasota Corporation Statement of Cash Flows-Indirect Method (Partial) (b) Prepare Sarasota's cash flows from operating activities section of the statement of cash flows 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).) $

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