E1l-31. Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no PPE and reported the following income statement for the current year LO2 $700,000 MBC Wages expense ..110,000 Rent expense...38,000 15,000 588,000 $112,000 11-37 Module 11 Cash Flows Additional balance sheet information about the company follows: Beginning of Year $48,000 66,000 5,000 18,000 End of Year SCHCI60,000 7,000 Inventory Prepaid insurance. Wages pavable