QUESTION 1 Partiaily corecx 2.25 points out or 3.00 P Reg stie 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 $517,000 Wages expense 121,000 Rent expense Insurance expense 16500 770,770 $825,000 Additional information about the company includes End of Year Accounts receivable $59400 66,000 8,800 Beginning of Year 53,900 Prepaid insurance Accounts peyeble wages payable 7,700 9,300 12.100 .900 Use the preceding information to calculate the cash flow from operating activities using the indirect method. Use negative signs with cash outflow answers 45 10ort sc de 5 6 8 9