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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, 2019 Sales Revenue Interest Revenue Gain on Sale of Plant $249,00 230 ssets 530 otal Revenues and Gains Cost of Goods Sold Salary Expense Depreciation Expense $256,600 124,00 43,00 14,00 20,00 160 510 ther Operating Expenses nterest Expense Income Tax Expense otal Expenses Net Income (Loss) 207,700 $48,90 Additional information provided by the company includes the following 1. Current assets, other than cash, increased by $21,000 2. Current liabilities decreased by $1200 Compute the net cash provided by (used for) operating activities Select one: A. $26,700 B. $35,400 C. $11,800 D. $40,700
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