Tanglewood, Inc uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 201 Tanglewood, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase 2017 (Decrease) $20,000 (7,000) 27,000 2018 $13,500 $33,500 Cash Accounts Receivable Merchandise Inventory 35.200 29.300 28.200 56,300 PP&E, net 126.000 92.000 34.000 $74,000 $170,000 Total Assets $244,000 OA. $196,800 OB. $20,400 O C. $176.400 O D. $200 800 Tanglewood, Inc uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 201 Tanglewood, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase 2017 (Decrease) $20,000 (7,000) 27,000 2018 $13,500 $33,500 Cash Accounts Receivable Merchandise Inventory 35.200 29.300 28.200 56,300 PP&E, net 126.000 92.000 34.000 $74,000 $170,000 Total Assets $244,000 OA. $196,800 OB. $20,400 O C. $176.400 O D. $200 800