The Statement of Income and Expenses of The Major Company presented in 2022 a net loss of $150,000. The amount of depreciation and amortization for 2022 was $40,000. The company presents operating activities in the EFE using the indirect method. Presuming that all adjustments other than depreciation and amortization have a positive net balance of $125,000, how much is the cash provided (inflow) or used (outflow) by operating activities?

a. $315,000 provided

b. $15,000 provided

c. $165,000 provided

d. $65,000 used

27. The Statement of Income and Expenses of The Major Company presented in 2022 a net loss of $150,000. The amount of depreciation and amortization for 2022 was $40,000. The company presents operating activities in the EFE using the indirect method. Presuming that all adjustments other than depreciation and amortization have a positive net balance of $125,000, how much is the cash provided (inflow) or used (outflow) by operating activities? a. $315,000 provided b. $15,000 provided c. $165,000 provided d. $65,000 used