Business, 14.09.2021 14:00 jadaroyval

Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kentucky Company
Income Statement
Year Ended December 31, 2019
Sales Revenue $249,000
Interest Revenue 2,300
Gain on Sale of Plant Assets 5,300
Total Revenues and Gains 256,600
Cost of Goods Sold 124,000
Salary Expense 43,000
Depreciation Expense 14,000
Other Operating Expenses 20,000
Interest Expense 1,600
Income Tax Expense 5,100
Total Expenses 207,700
Net Income (Loss) 48,900
Additional information provided by the company includes the following:
1. Current assets, other than cash, increased by 22,000.
2. Current liabilities decreased by 1,100.
Compute the net cash provided by (used for) operating activities.
A. $42,700.
B, $48,700.
C. $35,700.
D. $13,100.

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Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the follo...

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