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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 Ended
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, 2025 Sales Revenue $245,000 Interest Revenue 2,000 Gain on Sale of Plant Assets 6,000 Total Revenues and Gains $253,000 Cost of Goods Sold 119,000 Salary Expense 45,000 Depreciation Expense 13,000 Other Operating Expenses 20,000 O A. $33,100 B. $39,100 O c. $13,000 D. $26,100 LUSI UI UUUUS SUIU 119,VUU Salary Expense 45,000 Depreciation Expense 13,000 Other Operating Expenses 20,000 Interest Expense 1,700 Income Tax Expense 5,200 Total Expenses 203,900 Net Income (Loss) $49,100 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $22,000. 2. Current liabilities decreased by $1,000. Compute the net cash provided by (used for) operating activities. O A. $33,100 OB. $39,100 O c. $13,000 OD. $26,100
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