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		$1,045,000
Cost of goods sold	$737,000
Wages expense	231,000
Rent expense	46,200
Utilities expense	16,500	1,030,700
Net income		$14,300

Additional information about the company includes:

	End of Year	Beginning of Year
Accounts receivable	$70,400	$64,900
Inventory	66,000	94,600
Prepaid rent	8,800	7,700
Accounts payable	24,200	30,800
Wages payable	9,900	6,600

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		$Answer
	Add (deduct) items to convert net income to cash basis
	Accounts Receivable	AnswerIncreaseDecrease	Answer
	Inventory	AnswerIncreaseDecrease	Answer
	Prepaid Rent	AnswerIncreaseDecrease	Answer
	Accounts Payable	AnswerIncreaseDecrease	Answer
	Wages Payable	AnswerIncreaseDecrease	Answer
	Cash Provided by Operating Activities		$Answer