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Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to...

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Accounting

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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, 2019 Sales Revenue $ 247,000 Interest Revenue 2,200 Gain on Sale of Plant Assets 5,900 Total Revenues and Gains $ 255, 100 Cost of Goods Sold 118,000 Salary Expense 45,000 Depreciation Expense 10,000 Other Operating Expenses 24,000 Interest Expense 1,800 Income Tax Expense 5,500 Total Expenses 204,300 Net Income (Loss) $ 50, 800 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $ 21,000 2. Current liabilities decreased by $ 1,200 Compute the net cash provided by (used for) operating activities. A. S 32,700 B. $ 38, 600 C. $ 28,600 D. $ 13,000

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