Question: Felix Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company

Felix Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company includes the following:

Sale Revenue $245,000

Interest Revenue 2,000

Gain on Sale of Plant Assets 5,000

Total Revenues and Gains $252,000

Cost of Goods Sold 118,000

Salary Expense 43,000

Depreciation Expense 13,00

Other Operating Expense 25,000

Interest Expense 1,500

Income Tax Expense 5,500

Total Expenses 206,000

Net Income (loss) $46,000

1) Current assets, other than cash, increased by $24,000 2) Current liabilities decreased by $1,000 How much is the net cash provided by operating activities? A) $21,000 B) $34,000 C) $29,000 D) $39,000

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