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 $249,000 interest revenue 2300 gain on sale of plant assets 5300 total revenues and gains $256,600 cost of goods sold 124,000 salary expense 43,000 depreciation expense 14,000 other operating expenses 20,000 interest expense 1600 income tax expense 5100 total expenses 207,700 net income (loss) $48,900 additional information provided by the company includes the following: current assets, other than cash, increased by $21,000. current liabilities decreased by $1200. compute the net cash provided by (used for) operating activities.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; be sure that the information on file is correct;