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Lala land Company has the following financial information: Balance Sheets Dec. 31, 2020 Dec. 31, 2021 152,400 119,500 Cash 33,200 35,000 Accounts receivable 200,600 175,500

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Lala land Company has the following financial information: Balance Sheets Dec. 31, 2020 Dec. 31, 2021 152,400 119,500 Cash 33,200 35,000 Accounts receivable 200,600 175,500 Inventory 22.000 20,000 Prepaid Expenses 300,000 420,000 Long term Investments 250,000 205,000 Plant, Property and Equipment (net) Accounts payable Short term notes payable 98,600 105,000 62,000 45,000 35,600 13,500 Taxes payable 134,000 140,000 Long term liabilities 628,000 671,500 Stockholders' Equity Income statement $570,000 Sales revenue 300,000 $ 270,000 13,000 Cost of goods sold Gross profit Depreciation Expense Other operating costs Loss on sale of plant assets Net Income for the year 186,500 2,000 $68,500 Required: Calculate the cash flow from operating activities, for the year ended December 31, 2021, using the Indirect method

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