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 $31,2024$

$\backslash$table$[[$Revenues and Gains:,,$],[$Sales Revenue,$$151,000,],[$Interest Revenue,$6,900,],[$Total Revenues and Gains,,$],[$Expenses and Losses:,,$],[$Cost of Goods Sold,$$120,000,],[$Salary Expense,$21,000,],[$Depreciation Expense,$7,100,],[$Other Operating Expenses,$13,400,],[$lnterest Expense,$16,200,],[$Loss on Sale of Plant Assets,$5,400,],[$Income Tax Expense,$5,700,],[$Total Expenses and Losses,,$188,800],[$Net Income $($Loss$),,$$$(30,900)$