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Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ohio, Inc. Income Statement Year Ended
Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ohio, Inc. Income Statement Year Ended December 31, 2024 Revenues and Gains: Sales Revenue $157,000 Interest Revenue 6,400 Total Revenues and Gains $163,400 Expenses and Losses: Cost of Goods Sold $140,000 Salary Expense 23,000 Depreciation Expense 7,000 Other Operating Expenses 13,400 Interest Expense 16,400 Loss on Sale of Plant Assets 5,400 Income Tax Expense 5,500 Total Expenses and Losses $10,700 Net Income (Loss) $(47,300) Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,200. Total Expenses and Losses 210,700 Net Income (Loss) $(47.300) Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,200. Current liabilities increased by $2,400. Compute the net cash provided by (used for) operating activities. O A. $10,600 OB. $(27,300) OC. $(54,900) OD. $32,700
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