Fergusson Corporation determines operating cash flows by the indirect method. PE: (Click the icon to view the income statement.) 2 (Click the icon to view the balance sheet.) Fergusson's net cash provided by operating activities during 2017 was O A. $1,000 OB. $67,000 OC. $74,000 OD. $71,000 0 Income statement Fergusson Corporation Income Statement for Year Ended December 31, 2017 Sales revenue ................ $ 205,000 12,000 $ 217,000 Gain on sale of equipment ... ... Cost of goods sold. ............ Depreciation.................. 114,000 5,000 27,000 Other operating expenses... 146,000 71,000 Net income.............. i Balance sheet Fergusson Corporation Comparative Balance Sheet as at December 31, 2017 and 2016 Assets Cash .............$ Accounts receivable... Inventory ............. Plant and equipment, 2017 5,500 $ 7,000 13,000 2016 4,500 11,000 12,000 Liabilities and Shareholders' Equity Accounts payable ......$ Accrued liabilities ....... Common shares ....... 2017 9,000 $ 10,000 14,000 99,500 2016 10,000 9,000 7,000 70,500 107,000 net ............ .. 69,000 96,500 Retained earnings ......- $ igs ...... $ 132,500 $ 132,500 $ 96,500