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Compute the net cash provided by? operating activities

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Reference no: EM132694567

Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income? statement:

Kentucky Company
Income Statement
Year Ended December? 31, 2025

Sales Revenue                            $246,000
Interest Revenue                            2,000
Gain on Sale of Plant Assets                5,700
Total Revenues and Gains               $253,700
Cost of Goods Sold                         121,000
Salary Expense                           44,000
Depreciation Expense                    12,000
Other Operating Expenses                  23,000
Interest Expense                              1,800
Income Tax Expense                          5,400
Total Expenses                                     207,200
Net Income? (Loss)                              $46,500

Additional information provided by the company includes the? following:

1. Current? assets, other than? cash, increased by $24,000.
2. Current liabilities decreased by $1,300.

Problem 1: Compute the net cash provided by? (used for) operating activities.

A. $27,500
B. $12,700
C. $21,200
D. $33,200

Reference no: EM132694567

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