Question 1 Not complete Marked out of 12.00 Flag question Cash Flow from Operating Activities (Indirect Method) The Lincoln Company owns no plant assets and had the following income statement for the year: Sales revenue Cost of goods sold $705,000 $1,125,000 Wages expense 165,000 Rent expense 63,000 Insurance expense 22,500 955,500 Net income $169,500 Additional information about the company includes: End of Year Beginning of Year Accounts receivable $81,000 $73,500 Inventory 90,000 99,000 Prepaid insurance 12,000 10,500 Accounts payable 33,000 27,000 Wages payable 13,500 16,500