Felix Skateboards 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 $31,2017$

Additional information provided by the company includes the following:

Current assets, other than cash, increased by $$20,000.$

Current liabilities decreased by $$1,500.$

Compute the net cash provided by $($used for$)$ operating activities.

A$.$ $$40,700.$

B$.$ $$26,700.$

C$.$ $$35,600.$

D$.$ $$11,700.$