Sales revenue $825,000 Cost of goods sold $517,000 Wages expense 121,000 Rent expense 46,200 Insurance expense 16,500 770,770 $59,653 Net income Additional information about the company includes: End of Year Beginning of Year Accounts receivable $53,900 $59,400 66,000 72,600 Inventory Prepaid insurance 8,800 7,700 Accounts payable 24,200 19,800 12,100 Wages payable 9,900 Use the preceding information to calculate the cash flow from operating activities using the indirect method Use negative signs with cash outflow answers. Cash Flow from Operating Activities Net Income $ Add (deduct) items to convert net income to cash basis Accounts Receivable Inventory Prepaid Insurance Accounts Payable Wages Payable $ Cash Provided by Operating Activities