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Question - The current sections of Sarasota Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Sarasota Corp.'s net income for 2022 was $152,400. Depreciation expense was $25,200.
2022
2021
Current assets Cash
$37,200
$53,400
Accounts receivable
51,000
41,400
Inventory
46,800
37,200
Prepaid expenses
10,200
11,400
Total current assets
$145,200
$143,400
Current liabilities Accrued expenses payable
$3,600
$9,600
Accounts payable
52,800
43,200
Total current liabilities
$56,400
$52,800
Required - Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method.
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