Question: Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kentucky Company Income Statement Year

Kentucky Company uses the indirect method to prepare the statement of cash

Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kentucky Company Income Statement Year Ended December 31, 2019 Sales Revenue $249,000 Interest Revenue 2300 Gain on Sale of Plant Assets 5300 Total Revenues and Gains $256,600 Cost of Goods Sold 124,000 Salary Expense 43,000 Depreciation Expense 14,000 Other Operating Expenses 20,000 Interest Expense 1600 Income Tax Expense 5100 Total Expenses 207,700 Net Income (Loss) $48.900 Additional information provided by the company includes the following: Current assets, other than cash, increased by $21,000. Current liabilities decreased by $1200. 1. 2. Compute the net cash provided by (used for) operating activities. $35,400 $11,800 $26,700 $40,700 Jy

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