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

Question

Refer to the following income statement:

Rodriguez, Inc
Income Statement
Year Ended December 31, 2017
Sales Revenue $154,000
Interest Revenue 7,000
Loss on Sale of Plant Assets (5,400 )
Total Revenues and Gains $155,600
Cost of Goods Sold 130,000
Salary Expense 21,000
Depreciation Expense 7,400
Other Operating Expenses 13,400
Interest Expense 16,000
Income Tax Expense 6,000
Total Expenses 193,800
Net Income (Loss) $(38,200 )

Additional information provided by the company includes the following:
Current assets, other than cash, decreased by $5,100.
Current liabilities increased by $2,300.

Compute the net cash provided by (used for) operating activities.
A) $(18,000 )
B) $(45,600 )
C) $10,500
D) $23,400

Answer 1

A .A)
Net Income $(38,200 )
Add: Current Assets 5,100
Add: Current Liabilities 2,300
Add: Depreciation 7,400
Add: Loss on sale of plant assets 5,400
Net cash provided by (used for) operating activities $(18,000 )