he Arcadia Company owns no plant assets and had the following income statement for the year:

Sales revenue		$1,140,000
Cost of goods sold	$804,000
Wages expense	252,000
Rent expense	50,400
Utilities expense	18,000	1,124,400
Net income		$15,600

Additional information about the company includes:

	End of Year	Beginning of Year
Accounts receivable	$76,800	$70,800
Inventory	72,000	103,200
Prepaid rent	9,600	8,400
Accounts payable	26,400	33,600
Wages payable	10,800	7,200

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

Remember to use negative signs with your answers when appropriate.

Cash Flow from Operating Activities
	Net Income
	Add (deduct) items to convert net income to cash basis
	Accounts Receivable
	Inventory
	Prepaid Rent
	Accounts Payable
	Wages Payable
	Cash Provided by Operating Activities