Question

Sarasota Company reported 2020 net income of $152,900. During 2020, accounts receivable increased by $17,160 and accounts payable increased by $9,582. Depreciation expense was $48,000.

Required:
Prepare the cash flows from operating activities section of the statement of cash flows.

Answer 1

Answer:

$193,322

Explanation:

• Prepare the cash flow from operating activities section of the statement of cash flow.

Please find attached detailed solution to the above question and answer.

The net cash provided by operating activities is $193,322.