Question: Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income staternent: Kentucky Company Income Statement begin{tabular}{lrr} &


Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income staternent: Kentucky Company Income Statement \begin{tabular}{lrr} & \multicolumn{1}{c}{ Year Ended December 31, 2019 } \\ \hline Sales Revenue & $247,000 \\ Interest Revenue & 2,000 \\ Gain on Sale of Plant Assets & 5,500 \\ Total Revenues and Gains & & \\ Cost of Goods Sold & 123,000 & \\ Salary Expense & 40,000 \\ Depreciation Expense & 15,000 \\ Other Operating Expenses & 25,000 \\ Interest Expense & 1,700 \\ Income Tax Expense & 5,100 & \\ Total Expenses & & \\ Net income (Loss) & & \\ \end{tabular} Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $23,000. 2. Current liabilities decreased by $1,100. Compute the net cash provided by (used for) operating activities. A. $12,100 B. $35,600 C. $20,600 D. $30,100
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