1.Pear Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Pear Company Income Statement Year Ended Year 5

Sales Revenue	$246,000
Interest Revenue	2600
Gain on Sale of Plant Assets	5900
Total Revenues and Gains		$254,500
Cost of Goods Sold	123,000
Salary Expense	42,000
Depreciation Expense	11,000
Other Operating Expenses	24,000
Interest Expense	1800
Income Tax Expense	5200
Total Expenses		207,000
Net Income (Loss)		$47,500

Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $22,000. 2. Current liabilities decreased by $1000. Compute the net cash provided by (used for) operating activities.

A.$24,500

B.$35,500

C.$12,800

D.$29,600

2. Peach Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year: Plant assets, netbeginning balance: $110,000 Plant assets, netending balance: $147,000 Equipment was purchased for $65,000 with cash. Equipment with a net asset value of $12,000 was sold for $19,000. Depreciation Expense of $19,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities?

A.$46,000

B.$(65,000)

C.$(37,000)

D.$(46,000)