The following information relates to Siem, Inc. for last year:
|
Net income |
$5,000 |
|
Net increase in all current assets except cash |
$43,000 |
|
Net decrease in current liabilities |
$27,000 |
|
Dividends paid on common stock |
$25,000 |
|
Depreciation expense |
$30,000 |
|
Gain on sale of building |
$11,000 |
What is Siem”s net cash provided (used) by operating activities for last year on the statement of cash flows? (Assume that current liabilities do not contain any notes payable.)
A) $8,000
B) $(17,000)
C) $(46,000)
D) $(71,000)