Question: explain the answer CALCULATOR FULL SOREN PRINTER VERSION Brief Exercise 23-5 Sarasota Corporation had the following 2017 income statement. Sales revenue Cost of goods sold

explain the answer explain the answer CALCULATOR FULL SOREN PRINTER VERSION Brief Exercise 23-5

CALCULATOR FULL SOREN PRINTER VERSION Brief Exercise 23-5 Sarasota Corporation had the following 2017 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (includes depreciation of $22,000) Net income $182,000 132,000 50,000 48,000 $2.000 The following accounts increased during 2017: Accounts Receivable $12,000, Inventory $12,000, Accounts Payable $15,000. Prepare the cash flows from operating activities section of Sarasota's 2017 statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a lone.. 15,000 or in parenthesis e.. (15,000).) Sarasota Corporation Statement of Cash Flows-Indirect Method (Partial) Adjustments to reconcile net income to 2 AC P2350 u Sarasotas 2017 Statement or CAST TIOS using the morect memnou, (15,000).) uw MoSDXcrease caSTI TOW WIOT Sarasota Corporation Statement of Cash Flows-Indirect Method (Partial) Adjustments to reconcile net income to para buscar

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