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Current Attempt in Progress Sabe Compami, a major retailer of bicycles and accessories, operates several stores and is a publicly traded comparyc The comparative balance

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Current Attempt in Progress Sabe Compami, a major retailer of bicycles and accessories, operates several stores and is a publicly traded comparyc The comparative balance sheet and income statement for 5 age as of May 31.2020 , are as follows. The company is preparing its statement of cash flows. The following is additional information concerning Sage's transactions during the year ended May 31,2020. 1. All sales during the year were made on account. 2. All merchandise was purchased on account, coinprising the total accounts payable account. 3. Plant assets costing $89,400 were purchased by paying $20,400 in cash and issuing 6,900 shares of stock. 4. The "other expenses" are related to prepaid items. 5. All income taxes incurred during the year were paid during the year. 6. In order to supplement its cash, Sage issued 2,100 shares of common stock at par value. 7. Cash dividends of $118,400 were declared and paid at the end of the fiscal year. Using the indirect method, calculate only the net cash flow from operating activities for Sage Company for the year ended May 31

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