Pear Company uses the indirect method to prepare the statement of cash flows. Refer to the...

Transcribed Image Text:

Pear Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Pear Company Income Statement Year Ended Year 5 Sales Revenue Interest Revenue Gain on Sale of Plant Assets Total Revenues and Gains Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Total Expenses Net Income (Loss) $245,000 2300 5100 124,000 44,000 10,000 20,000 1800 5500 $252,400 205,300 $47,100 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1100. Compute the net cash provided by (used for) operating activities. Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1100. Compute the net cash provided by (used for) operating activities. $25,000 O $11,300 $35,000 $29,900 ◄ Previous Pear Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Pear Company Income Statement Year Ended Year 5 Sales Revenue Interest Revenue Gain on Sale of Plant Assets Total Revenues and Gains Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Total Expenses Net Income (Loss) $245,000 2300 5100 124,000 44,000 10,000 20,000 1800 5500 $252,400 205,300 $47,100 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1100. Compute the net cash provided by (used for) operating activities. Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1100. Compute the net cash provided by (used for) operating activities. $25,000 O $11,300 $35,000 $29,900 ◄ Previous

Answer rating: 100% (QA)

The detailed answer for the above question is provided below 1 Start with Net Income Net In... View the full answer