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Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kentucky Company Income Statement Year
Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kentucky Company Income Statement Year Ended December 31, 2019 Sales Revenue $249,000 Interest Revenue 2300 Gain on Sale of Plant Assets 5300 Total Revenues and Gains $256,600 Cost of Goods Sold 124,000 Salary Expense 43,000 Depreciation Expense 14,000 Other Operating Expenses 20,000 Interest Expense 1600 Income Tax Expense 5100 Total Expenses 207,700 Net Income (Loss) $48.900 Additional information provided by the company includes the following: Current assets, other than cash, increased by $21,000. Current liabilities decreased by $1200. 1. 2. Compute the net cash provided by (used for) operating activities. $35,400 $11,800 $26,700 $40,700 Jy
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