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Question 11 A compnay uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance
Question 11 A compnay uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet. Company. Comparative Balance Sheet December 31, 2017 and 2016 2016 2015 Increase/(Decrease) Cash $27,000 $18,000 $9,000 Accounts Receivable 34,000. 35,000 (1.000) Merchandise Inventory 56,000 25.000 31,000 Plant and Equipment 126,000 90,000 36,000 Accumulated Depreciation- Plant and Equipment (45.000) 143.000) (2.000) Total Assets $198,000 $125,000 $73,000 Additional information provided by the company includes the following: 1. Equipment was purchased for $69,000. 2. Equipment with a cost of $33,000 and accumulated depreciation of $7,300 was sold for $46,000. What was the amount of net cash provided by (used for) investing activities? O $188,000 $23.000 $188,000) $23,000) 3.4 pts
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