Question: Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Connecticut, Inc.

cash flows. Refer to the following portion of the comparative balance sheet:

Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Connecticut, Inc. Comparative Balance Sheet December 31, 2019 and 2018 Increase / 2019 $28,000 $22,000 Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation-Plant and Equipment 2018 (Decrease) $6,000 32,000 39,000 (7,000) 26,000 29,000 123,000 91,000 32,000 55,000 (47000) (40,000) (000) O A. $(16,000) O B. $(169,000) O c. $16,000 OD, $169,000

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