The current sections of Sarasota Corp.s balance sheets at December 31, 2016 and 2017, are presented here. Sarasota Corp.s net income for 2017 was $154,071. Depreciation expense was $27,189.

Prepare the net cash provided (used) by operating activities section of the companys statement of cash flows for the year ended December 31, 2017, 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).)

Exercise 12-4 The current sections of Sarasota Corp's balance sheets at December 31, 2016 and 2017, are presented here. Sarasota Corp. s net income for 2017 was $154,071. Depreciation expense was $27,189. 2017 2016 Current assets $105,735 99,693 Cash 89,623 Accounts receivable 80,560 169,176 173,204 Inventory 27,189 Prepaid expenses 22,154 Total current assets $382,660 $384,674 current liabilities 15,105 5,035 Accrued expenses payable Accounts payable 85,595 92,644 $100,700 97,679 Total current liabilities Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, 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).)