Cash Flow from Operating Activities $($Indirect Method$)$

The Lincoln Company owns no plant assets and had the following income statement for the year:

Sales revenue$$750,000$Cost of goods sold$$470,000$Wages expense$110,000$Rent expense$42,000$Insurance expense$15,000637,000$Net income$$113,000$

Additional information about the company includes:

End of YearBeginning of YearAccounts receivable$$54,000$$$49,000$Inventory$60,00066,000$Prepaid insurance$8,0007,000$Accounts payable$22,00018,000$Wages payable$9,00011,000$

Use the preceding information to calculate the cash flow from operating activities using the indirect method. $Answer $1$ Cash Flow from Operating Activities $($Indirect Method$)$

The Lincoln Company owns no plant assets and had the following income statement for the year:

Additional information about the company includes:

Use the preceding information to calculate the cash flow from operating activities using the indirect method. $\backslash (\backslash$$ $\backslash )$