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Question 9 A Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Company Income Statement
Question 9 A Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Company Income Statement Year Ended December 31, 2017 Sales Revenue Interest Revenue $250,000 2,200 Gain on Sale of Plant Assets 5.100 Total Revenues and Gains $257,300 Cost of Goods Sold 124.000 Salary Expense 41,000 Depreciation Expense 14,000 Other Operating Expenses 23,000 Interest Expense 1,900 Income Tax Expense 5.200 Total Expenses 209.100 Net Income (Loss) $48,200 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $20,000. 2. Current liabilities decreased by $1.500. Compute the net cash provided by lused for) operating activities. $26,700 $40,700 $35,600 $11.700 3.4 pts
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