Calculating Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no plant assets and reported the following income statement for the cur- rent year $750,000 Sales...... Cost of goods sold Wages expense Rent expense. . Insurance expense $470,000 110,000 42,000 637,000 15,000 Net income.. $113,000 Additional balance sheet information about the company follows: Beginning of Year End of Year Accounts receivable. Inventory... Prepaid insurance. Accounts payable. Wages payable. .. $54,000 $49,000 60,000 66,000 8,000 7,000 22,000 18,000 9,000 11,000 Use the information to calculate the net cash flow from operating activities under the indirect method. a. compute its operating cash flow to current liabilities (OCFCL) ratio. (Assume current liabili- b. ties consist of accounts payable and wages payable.)