Sarasota Corporation had the following 2025 income statement. Sales revenue $220,000 Cost of goods sold 131,000 Gross profit 89,000 Operating expenses (includes depreciation of $23,000) 46,000 Net income $43,000 The following accounts increased during 2025: Accounts Receivable $12,000, Inventory $12,000, and Accounts Payable $12,000. Prepare the cash flows from operating activities section of Sarasota's 2025 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).) SARASOTA CORPORATION Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Inventory : $ DOOD $ $ Net Cash Provided by Operating Activities

Sarasota Corporation had the following 2025 income statement. Sales revenue $220,000 Cost of goods sold 131,000 Gross profit 89,000 Operating expenses (includes depreciation of $23,000) 46,000 Net income $43,000 The following accounts increased during 2025: Accounts Receivable $12,000, Inventory $12,000, and Accounts Payable $12,000. Prepare the cash flows from operating activities section of Sarasota's 2025 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).) SARASOTA CORPORATION Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Inventory : $ DOOD $ $ Net Cash Provided by Operating Activities

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 13P: Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income,...

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108. Subject :- Accounting
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