CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 1 Not complete Marked out of 15.00 Flag question Cash Flow from Operating Activities (Indirect Method) The Arcadia Company owns no plant assets and had the following income statement for the year: $1,615,000 Sales revenue Cost of goods sold $1,139,000 Wages expense 357,000 Rent expense Utilities expense3,500 Net income 71,400 $22,100 Additional information about the company includes: End of Year Beginning of Year Accounts receivable $108,800 $100,300 146,200 11,900 47,600 15,30010,200 Inventory102,000 Prepaid rent Accounts payable 37,400 Wages payable 13,600