Q$3$

Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:

Ohio, Inc.

Income Statement

Year Ended December $31,2024$

Revenues and Gains:

Sales Revenue

Interest Revenue

Total Revenues and Gains

Expenses and Losses:

Cost of Goods Sold

Salary Expense

Depreciation Expense

$$151,000$

$6,900$

$$120,000$

$21,000$

$7,100$

A$.$ $$(11,100)$

B$.$ $$16,500$

C$.$ $$10,600$

D$.$ $$(38,200)$