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Cramer Corporation formats operating cash flows using the indirect method. (Click the icon to view the income statement) (Click the icon to view the balance
Cramer Corporation formats operating cash flows using the indirect method. (Click the icon to view the income statement) (Click the icon to view the balance sheet) Cramer's net cash provided by operating activities during 2018 was O A. $32,000 OB. $33,000 OC. $37,000 OD. $44,000 Data table Cramer's Income Statement for 2018 $ 170,000 10,000. $ 180.000 Sales revenue Gain on sale of equipment Cost of goods sold Depreciation $ 110,000 7,500 27,000 144,500 Other operating expenses Cost of goods sold Depreciation 110,000 7,500 27,000 Other operating expenses 144,500 $ 35,500 Net income * The book value of equipment sold during 2018 was $22,000. Cramer's Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 2018 2017 Cash $ $ 7,000 $ 8,000 3,500 $ 6,000 8,000 2,000 11,000 Accounts payable Accrued liabilities Accounts receivable 1,000 9,000 20,000 Inventory 7,000 Common stock 10.000 Cash $ 3,500 $ 2,000 $ Accounts receivable 7,000 $ 9,000 Inventory Plant and equipment, net 6,000 8,000 89,000 11,000 7,000 71,000 Accounts payable Accrued liabilities Common stock Retained earnings 8,000 1,000 10,000 72,000 20,000 70,500 $ 106,500 $ 91,000 $ 106,500 $ 91.000
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