Use the Indirect Method to Answer Questions the Following Information

Multiple Choice

Use the indirect method to answer questions The following information is available for Felix Company:
$$\begin{array} { l r l r } \text { Net income } & \$ 300 & \text { Decrease in plant and equip. } & \$ 40 \\\text { Depreciation expense } & 20 & \text { Increase in deferred tax asset } & 5 \\\text { Gain on sale of assets } & 35 & \text { Decrease in long-term debt } & 50 \\\text { Increase in inventories } & 25 & \text { Decrease in accounts payable } & 15\end{array}$$
-What is cash from financing activities for Felix Company?

A) $50
B) $65
C) ($50)
D) $60