Sagaworth Inc. reported the following information:
|
2011 |
2010 |
|
|
Net Loss |
$380,000 |
|
|
Depreciation expense |
150,000 |
|
|
Amortization expense |
25,000 |
|
|
Accounts receivable |
200,000 |
$230,000 |
|
Inventory |
140,000 |
140,000 |
|
Prepaid expenses |
40,000 |
30,000 |
|
Accounts payable |
190,000 |
180,000 |
|
Accrued liabilities |
50,000 |
45,000 |
|
Taxes payable |
10,000 |
20,000 |
Determine Sagaworth’s net cash flow from operating activities for 2011 under the indirect method.