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 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 27) Morgana Engineering sold equipment for cash. The income statement shows a loss on sale of $7,000. The net book value of the asset prior to the sale was $26, 900 Which of the following statements describes the cash effect of the transaction? A) positive cash flow of $33, 900 from financing activities B) negative cash flow of $19.900 for operating activities C) negative cash flow of $19, 900 for financing activities D) positive cash flow o: $19.900 from investing activities 28) Avatar Company uses the indirect method to prepare its statement of cash flows Refer to the following portion of the comparative balance sheet