Shanequa Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Shanequa Company Income Statement Year Ended December 31, 2025 Sales Revenue Interest Revenue Gain on Sale of Plant Assets 6,000 Total Revenues and Gains Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Total Expenses Net Income (Loss) $250,000 2,600 119,000 41,000 12,000 21,000 1,700 5,400 $258,600 200,100 $58,500 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1,300. Compute the net cash provided by (used for) operating activities.
Shanequa Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Shanequa Company Income Statement Year Ended December 31, 2025 Sales Revenue Interest Revenue Gain on Sale of Plant Assets 6,000 Total Revenues and Gains Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Total Expenses Net Income (Loss) $250,000 2,600 119,000 41,000 12,000 21,000 1,700 5,400 $258,600 200,100 $58,500 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1,300. Compute the net cash provided by (used for) operating activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Shanequa Company uses the indirect method to prepare the statement of cash flows.
Refer to the following income statement:
Shanequa Company
Income Statement
Year Ended December 31, 2025
Sales Revenue
Interest Revenue
Gain on Sale of Plant Assets 6,000
Total Revenues and Gains
Cost of Goods Sold
Salary Expense
Depreciation Expense
Other Operating Expenses
Interest Expense
Income Tax Expense
Total Expenses
Net Income (Loss)
$250,000
2,600
119,000
41,000
12,000
21,000
1,700
5,400
$258,600
200,100
$58,500
Additional information provided by the company includes the following:
1. Current assets, other than cash, increased by
$21,000.
2. Current liabilities decreased by
$1,300.
Compute the net cash provided by (used for) operating activities.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4367eb31-09f3-4a7e-a62b-97ab82d318cd%2F8382472b-8416-429a-884e-150e829c7f65%2Fnxewozr_processed.png&w=3840&q=75)
Transcribed Image Text:Shanequa Company uses the indirect method to prepare the statement of cash flows.
Refer to the following income statement:
Shanequa Company
Income Statement
Year Ended December 31, 2025
Sales Revenue
Interest Revenue
Gain on Sale of Plant Assets 6,000
Total Revenues and Gains
Cost of Goods Sold
Salary Expense
Depreciation Expense
Other Operating Expenses
Interest Expense
Income Tax Expense
Total Expenses
Net Income (Loss)
$250,000
2,600
119,000
41,000
12,000
21,000
1,700
5,400
$258,600
200,100
$58,500
Additional information provided by the company includes the following:
1. Current assets, other than cash, increased by
$21,000.
2. Current liabilities decreased by
$1,300.
Compute the net cash provided by (used for) operating activities.
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