Operating Cash Flows (Direct Method) Using the information below, calculate the cash flow from operating activities using the direct method. Showa related cash flow for each revenue and expense. The Lincoln Company owns no plant assets and had the following income statement for the year: Sales revenue 5975.000 Cost of goods sold 5611,000 Wages expense 143,000 Rent expense 54,500 Insurance expense 19,500 $28.100 Net income $146.900 Additional information about the company includes: End of Year Beginning of Year Accounts receivable 570.200 56700 Inventory 71.000 SS OG Prepaid insurance 10.400 1.100 Accounts payable 28600 23.400 Wares pava 11.200 14100 Wages payable 11.700 14.300 0 Hint: Remember to enter cash outflow answers (transactions that reduce cash) and expenses (COGS and wages) as negative numbers. Sales Revenue $ 0 Accounts Receivable Increase 0 Cash Received from Customers 5 0 Cost of Goods Sold $ 0 Inventory Decrease 0 Accounts Payable increase 0 Cash Paid for Merchandise Purchased 5 Wages Expense $ 0 Wages Payable Decrease 0 Cash Pald to Employees $ Insurance Expense Prepaid Insurance Increase Cash Paid for insurance $ Cash Flow from Operating Activities Cash Received from Customers $ 0 Cash Paid for Merchandise Purchased 0 Cash Paid to Employees Cash Paid for Rent Cash Paid for insurance 0 0 0 0 0 0