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 expse 210,000 Rent expense 930,000 42,000 UBlities spense11.000 903,000 $27,000 Net income Additional information about the company includes: End of Year Beginning of Year Accounts receivable $67,000$59,000 62,000 86,000 7,000 Accounts payable 22,000 28,000 7,000 Inventory Prepaid rent 8,000 Wages payable 9,000