Extracted text: he curent sections of Saasota CorpS balance sheets at December 31, 2016 and 2017, are presented here. Sarasota Corp.'s net income for 2017 wras $154,071. Depreriation expense was $27, 89. 2017 2016 Curvent asses Cash $105,735 $ 99,693 Accounts receivable 80,560 89,623 Bventory 169,176 173,204 Propaid expenses 27,189 22,154 Total current assets $382,660 $384,674 Current labilities aeed sasuadbo pan $ 15,105 $ 5,035 85,595 92,644 Total current liabilities $100,700 $ 97,679 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 low swith either a Sarasota Corp. Partial Statement of Cash Flows For the Year Ended December 31, 2017 Net Cash used by Operating Activities Net Income 154071 Adjustments to reconcile net income to Tet Cash Provided by Operating Activities Y Depreciation Expense 27189 Decrease in Accounts Receivable (89623) Decrease Inventory 173204 Decrease in Prepaid Expenses (22154) 15105 horesse Acerued Expenses Payable (85595) Accounts Payable 586074 740145 Cash Floves from Operating Activities Click if you would like to Show Work for this question: 20 <>
Extracted text: The cureent sections of Satsola Corp balance sheets at December 31, 2016 and 2017, are presented bese. Sarasota Corp.s net income for 2017 was $154,071. Depeecialion expe 2017 2016 Cuvent acsebs $105,735 $99,693 Accounts eceivable 80,560 89,623 ventory 169,176 173,204 Propaid experses 27,189 22,154 Total current assets $382,660 $384,674 Current Babidities Accrued expeses payable $ 15,105 $ 5,035 Accounts payable 85,595 92,644 Total current liabilities $100,700 $ 97,679 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 ansounts that decreae cads e Sarasota Corp. Partial Statement of Cash Flows For the Year Ended December 31, 2017 Net Cash used by Operating Activities 154071 Net Income Adjustments to reconcile net income to et Cash Provided by Operating Activities v 27189 Depreciation Expense Decrease in Acrounts Receivable (89623) 173204 Decrease in Inventory (22154) Decrease in Prepaid Expenses 15105 re ActdErpenses Payable V (85595) s Peyable 546074 Cosh tous frgim Operting Antve k it you weuld like to Shorw Work for this questiont A