Cash Flow from Operating Activities (Indirect Method) The Arcadia Company owns no plant assets and had the following income statement for the year: Sales revenue Cost of goods sold Wages expense Rent expense Utilities expense 1,045,000 $737,000 231,000 46,200 16,500 1,030,700 $14,300 Net income Additional information about the company includes End of Beginning of Year Accounts receivable Inventory Prepaid rent Accounts payable Wages payable Year $70,400 66,000 8,800 24,200 9,900 $64,900 94,600 7,700 30,800 6,600 Use the preceding information to calculate the cash flow from operating activities using the indirect method Remember to use negative signs with answers when appropriate Cash Flow from Operating Activities Net Income 0 Add (deduct) items to convert net income to cash basis Accounts Receivable Inventory Prepaid Rent 0 Accounts Payable Wages Payable 0 Cash Provided by Operating Activities