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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 Interest Revenue $250,000 3000 Gain on Sale of Plant Assets 5800 Total Revenues and Gains $258,800 Cost of Goods Sold 122,000 Salary Expense 44,000 Depreciation Expense 13,000 Other Operating Expenses 20,000 Interest Expense 1900 Income Tax Expense 5100 Total Expenses 206,000 Net Income (Loss) $52,800 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1500. Compute the net cash provided by (used for) operating activities.
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