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Felix Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Felix Company Income Statement Year Ended
Felix Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Felix Company Income Statement Year Ended December 11, 2013 5245.000 2,000 3.000 $2$2,000 Sales Reve Interest Revenue Gain on Sale of Plant Assets Total revenues and gains Cost of Goods Sold Salary Expense Depreciation Expense Other Opensting Expenses Interest Expense Income Tax Expense Total Expres Net Income cosa) 118,000 43,000 13.000 25,000 1.500 3.500 206,000 546,000 Additional information provided by the company includes the following: 1) Current assets, other than cash, increased by $24,000 2) Current liabilities decreased by $1,000 How much is the net cash provided by operating activities? Select one: A. $29.000 B. $34.000 C. $21.000 D. $39.000 Felix Company Income Statement Year Ended December 31, 2015 $245.000 2,000 5.000 $252,000 Sales Revenue Interest Revenue Gain on Sale of Plant Assets Total revenues and gains Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Total Expenses Net Income (loss) 118,000 43,000 13.000 25,000 1,500 5,500 206,000 546,000
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