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Lalaland Company has the following financial information Balance Sheets Dec. 31, 2020 Dec. 31, 2021 Cash 152,400 134,500 Accounts receivable 33.200 35.000 Inventory Prepaid Expenses
Lalaland Company has the following financial information Balance Sheets Dec. 31, 2020 Dec. 31, 2021 Cash 152,400 134,500 Accounts receivable 33.200 35.000 Inventory Prepaid Expenses 200,600 175,500 22.000 20,000 Long term Investments 300,000 420,000 250.000 205.000 Plant, Property and Equipment (net) Accounts payable Short term notes payable Taxes payable 98.600 105,000 62.000 40,000 35,600 13,500 Long Term liabilities 134,000 140,000 Stockholders' Equity 628.000 691,500 Income statement Sales revenue $570,000 300.000 Cost of goods sold Gross profit Depreciation Expense Othor operating costs $ 270.000 13.000 166,500 Loss on sale of plant assets 2.000 Net Income for the year $ 88.500 Required: Calculate the cash flow from operating activities for the year onded December 31, 2021 using the Indirect method Note: write your answer as a number only, with No dollar sons or comma
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