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The current sections of Sarasota Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Sarasota Corp.'s net income for 2022 was $152,400.
The current sections of Sarasota Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Sarasota Corp.'s net income for 2022 was $152,400. Depreciation expense was $25,200. 2022 2021 Current assets Cash $37,200 $ 53,400 Accounts receivable 51,000 41,400 Inventory 46,800 37,200 Prepaid expenses 10,200 11,400 Total current assets $145,200 $143,400 Current liabilities Accrued expenses payable $3,600 $ 9,600 Accounts payable 52,800 43,200 Total current liabilities $56,400 $ 52,800 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, 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).) Sarasota Corp. Partial Statement of Cash Flows $ Adjustments to reconcile net income to $ $
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