Reference no: EM132729020

Question - 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.

Required - Compute the net cash provided by (used for) operating activities.

A. $27,500

B. $12,700

C. $21,200

D. $33,200