Question: E1l-31. Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no PPE and reported the following income statement for the current year LO2

owns no PPE and reported the following income statement for the current

E1l-31. Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no PPE and reported the following income statement for the current year LO2 $700,000 MBC Wages expense ..110,000 Rent expense...38,000 15,000 588,000 $112,000 11-37 Module 11 Cash Flows Additional balance sheet information about the company follows: Beginning of Year $48,000 66,000 5,000 18,000 End of Year SCHCI60,000 7,000 Inventory Prepaid insurance. Wages pavable

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