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Condensed financial data of Sarasota Inc. follow. Assets Cash Accounts receivable Inventory Sarasota Inc. Comparative...

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Accounting

Condensed financial data of Sarasota Inc. follow. Assets Cash Accounts receivable Inventory Sarasota Inc. Comparative Balance Sheets December 31 Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2025 $ 185,840 201,940 258,750 65,320 317,400 655,500 (115.000 2024 $ 111,320 87,400 236,555 59,800 250,700 557,750 1110
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Question 4 of 4 125 Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $355534 Adjustments to reconcile net income to $ Question 4 of 4 Condensed financial data of Sarasota Inc. follow. Question 4 of 4 125 I eTextbook and Media Sive for biter Attempts: 0 of 3 used Condensed financial data of Sarasota Inc. follow. Additional information: 1. New plant assets costing $230,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $132,250 and accumulated depreciation of $111,550 were sold for $3,450 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $59,869 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions, Question 4 of 4

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