Use the following information to determine this companys cash flows from operating activities using the indirectmethod. LING

Use the following information to determine this company€™s cash flows from operating activities using the indirectmethod.

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LING COMPANY Income Statement For Year Ended December 31, 2011 LING COMPANY Selected Balance Sheet Information December 31,201 I and 2010 $2,060,000 1,326,400 733,600 SalesP 2010 Cost of goods sold 1Gross profit... Current assets $338,600 07.200 Operating expenses Cash Inventory Accounts payable Depreclation expense$144,000 Other expenses . 630,000 103,600 30,800 5 72,800 486,000 240,000 216.400 Income before taxes Current Ilabilities Income taxes expense . . . 121.600 102800 8,800 Income taxes payable Net Income 8,200