E11-4A. Cash Flow from Operating Activities (Indirect Method) The Lincoln Company owns no plant assets and had the following income statement for the year: Sales revenue.. Cost of goods sold Wages...

E11-4A. Cash Flow from Operating Activities (Indirect Method) The Lincoln Company owns no plant assets and had the following income statement for the year:

Use the preceding information to calculate the cash flow from operating activities using the indirect method

Extracted text: E11-4A. Cash Flow from Operating Activities (Indirect Method) The Lincoln Company owns no plant assets and had the following income statement for the year: Sales revenue.. Cost of goods sold Wages expense Rent expense.. Insurance expense. $750,000 $470,000 110,000 42,000 15,000 637,000 Net income.. $113,000 Additional information about the company includes: End of Beginning Year of Year Accounts receivable $54,000 60,000 8,000 22,000 $49,000 Inventory. Prepaid insurance. Accounts payable . Wages payable. 66,000 7,000 18,000 9,000 11,000 Use the preceding information to calculate the cash flow from operating activities using the indi- rect method.