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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, 2018 Revenues and Gains: Sales Revenue Interest Revenue Total Revenues and Gains Expenses and Losses: Cost of Goods Sold Salary Expense Depreciation Expense $151,000 6,000 $157,000 $110,000 24,000 7.300 Other Operating Expenses Interest Expense Loss on Sale of Plant Assets Income Tax Expense Total Expenses and Losses Net Income (Loss) 13,300 16,400 5,500 5,400 181,900 $(24,900) Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,100 Current liabilities increased by $2,200. Compute the net cash provided by (used for) operating activities. O A. $10,300 OB. $(32,200) O C. $(4,800) O D. $10,600
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