Question: Vattmann, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Vattmann, Inc. Income Statement Year Ended

 Vattmann, Inc. uses the indirect method to prepare the statement of

Vattmann, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Vattmann, Inc. Income Statement Year Ended December 31, 2018 Sales Revenue $80,000 Interest Revenue 7,000 Gain on Sale of Plant Assets 1,500 Total Revenues and Gains $88,500 11,000 50,000 Depreciation Expense Other Operating Expenses Total Expenses Net Income (Loss) 61,000 $27,500 Additional information provided by the company includes the following: Current assets, other than cash, increased by $3,500. Current liabilities decreased by $2,000. Compute the net cash provided by (used for) operating activities

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