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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

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

Sales Revenue

$250,000

Interest Revenue

2,200

Gain on Sale of Plant Assets

5,100

Total Revenues and Gains

$257,300

Cost of Goods Sold

124,000

Salary Expense

41,000

Depreciation Expense

14,000

Other Operating Expenses

23,000

Interest Expense

1,900

Income Tax Expense

5,200

Total Expenses

209,100

Net Income (Loss)

$48,200

Additional information provided by the company includes the following:

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

2. Current liabilities decreased by $1,500.

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

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