The income statement of Sarasota Company is shown below. Additional information: 1. Accounts receivable decreased...
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The income statement of Sarasota Company is shown below. Additional information: 1. Accounts receivable decreased $300,000 during the year, 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $280.000 during the year, 4. Accrued expenses payable decreased $110,000 during the year: 5. Administrative expenses include depreciation expense of $70,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2025, for Sarasota Company, using the indirect method. teE mmi
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