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Pear Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Pear Company Income Statement Year
Pear Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Pear Company Income Statement Year Ended Year 5 Sales Revenue $252,000 Interest Revenue 2700 Gain on Sale of Plant Assets 5400 Total Revenues and Gains $260,100 Cost of Goods Sold 118,000 Salary Expense 44,000 Depreciation Expense 15,000 Other Operating Expenses 22,000 Interest Expense 1900 Income Tax Expense 5100 Total Expenses 206.000 Net Income (Loss) $54,100 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1000. Compute the net cash provided by (used for) operating activities. $47,100 $11,800 $32,100 $41,700
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