Cash Flow from Operating Activities (Indirect Method) The Arcadia Company owns no plant assets and had the following income statement for the year: Sales revenue Cost of goods sold $640,000 Wages expense Rent expense Utilities expense $930,000 210,000 42,000 11,000 903,000 $27,000 Net income Additional information about the company includes End of Year Beginning of Year $59,000 86,000 7,000 28,000 7,000 Accounts receivable $67,000 Inventory Prepaid rent Accounts payable 22,000 Wages payable 62,000 8,000 9,000 Use the preceding information to calculate the cash flow from operating activities using the indirect method. Remember to use negative signs with answers when appropriate. Cash Flow from Operating Activities Net Income Add (deduct) items to convert net income to cash basis Accounts Receivable Inventory Prepaid Rent Accounts Payable Wages Payable Cash Provided by Operating Activities