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The net income for Sarasota Corp. for 2022 was $340,000. For 2022, depreciation on plant assets was $85,000, and the company incurred a loss on
The net income for Sarasota Corp. for 2022 was $340,000. For 2022, depreciation on plant assets was $85,000, and the company incurred a loss on disposal of plant assets of $34,000. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a - sign eg -15,000 or in parenthesis e.g. (15,000).) Sarasota Corp. Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to $ $
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