UTOROM WOULOS y question Cash Flow from Operating activities (Indirect Method) The Smithfield Company owns no plant assets and had the following income statement for the year Sales revenue $1,380,000 Cost of goods sold $924,000 Wages expense 252,000 Rent expense 74,400 Utilities expense 54,000 1,304,400 Net income $75,600 Additional information about the company includes: End of Beginning Year of Year Accounts receivable $88,800 $58,800 Inventory 84,000 103.200 Prepaid rent 6.000 8,400 Accounts payable 31,200 33,600 Wages payable 14,400 15,600 Use the preceding information to calculate the cash flow from operating activities using the indirect method. $ 0 Check