QUESTION 2 Not complete Marked out of 1.00 ?Flag question Calculating Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no plant assets and reported the following income statement for the current year Sales Cost of Goods Sold $470,000 Wages Expense 110,000 Rent Expense Insurance Expense 15,000 637,000 Net Income $755,000 42,000 $118,000 Additional balance sheet information about the company follows End of Year Accounts Receivable Inventory Prepaid Insurance Accounts Payable Wages Payable 60,000 8,000 22,000 9,000 Beginning of Year $49,000 66,000 7,000 18,000 11,000 Use the information to a. Calculate the net cash flow from operating activities under the indirect method. S 0 Check