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Please use the following table of Austin Motor Company for answering the questions on cash flow: Net Income $40,000 Increase in accounts $9,000 payable
Please use the following table of Austin Motor Company for answering the questions on cash flow: Net Income $40,000 Increase in accounts $9,000 payable Depreciation expense $15,000 Acquisition of $25,000 equipment Payment of dividends $1,000 Sale of treasury $6,000 stock Increase in accounts $3,000 receivable Collection of long- $11,000 term notes receivable Payment of long- $13,000 term debt Proceeds from the $42,000 sale of land Loss on sale of land $10,000 Decrease in $6,000 inventories Under the indirect method, net cash provided by (used for) investing activities would be: $94,000 $71,000 $28,000 O $(97,000)
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