Question: 13Use the indirect method to answer the question using the following information for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation

13Use the indirect method to answer the question using the following information for Felix Company:

Net income

$300

Decrease in plant and equip.

$40

Depreciation expense

20

Increase in deffered tax asset

5

Gain on sale of assets

35

Decrease in long-term debt

50

Increase in inventories

25

Decrease in accounts payable

15

What is cash from investing activities for Felix Company?

$5

$10

$40

$75

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