Business, 15.04.2020 00:58, princessbri02

Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following incomestatement:
Rodriguez, Inc.
Income Statement
Year Ended December 31, 2017

Sales Revenue $150,000
Interest Revenue 6,000
Loss on Sale of Plant Assets (5,100)

Total Revenues and Gains $150,900
Cost of Goods Sold 140,000
Salary Expense 119,000
Depreciation Expense 7,000
Other Operating Expenses 13,100
Interest Expense 16,400
Income Tax Expense 6,000
Total Expenses 201,500
Net Income (Loss) $(50,600)

Additional information provided by the company includes thefollowing:
Current assets, other than cash, decreased by
$2,100.
Current liabilities increased by
$1,200.
Compute the net cash provided by (used for) operating activities.
A.$36,000
B.$10,400
C.$(58,200)
D.$(30,900)

Answers: 1

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Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the f...