we have 9 colum to fill out for operating activities section

SARASOTA INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $6,000 $7.100 Accounts receivable 62,000 50,900 Short-term debt investments (available-for-sale) 34,900 17,900 Inventory 40,400 59,800 Prepaid rent 5,100 3,900 Equipment 154,900 129,200 Accumulated depreciation-equipment (34,900) (25,200) Copyrights 46,200 49,500 Total assets $314,600 $293,100 Accounts payable $46,500 $40.100 Income taxes pavable 4.000 61on Income taxes payable 4,000 6,100 Salaries and wages payable 8,000 3,900 Short-term loans payable 8,100 10,000 Long-term loans payable 60,600 69,200 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 57,400 33,800 Total liabilities & stockholders' equity $314,600 $293.100 SARASOTA INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales revenue $340,125 Cost of goods sold 174,600 Gross profit 165,525 Gross profit 165,525 Operating expenses 119,000 46,525 Operating income Interest expense Gain on sale of equipment $11,400 2.000 9,400 Income before tax 37,125 Income tax expense 7,425 Net income $29,700 Additional information: 1. 2. Dividends in the amount of $6,100 were declared and paid during 2020. Depreciation expense and amortization expense are included in operating expenses. No unrealized gains or losses have occurred on the investments during the year. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2020. 3. 4. Cash Flows from Operating Activities Net Income $ 29,700 Adjustments to reconcile net income to Net Cash Provided by Operating Activities $ 9.700 v > -17,000 Purchase of Equipment -45,800 Net Cash Used by Investing Activities -54.770