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Sagaworth Inc Determine Sagaworth's Net Cash Flow from Operating Activities for 2011

Question 51

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Sagaworth Inc.reported the following information:
2011 Income Statement: Net loss $380,000 Depreciation expense 150,000 Amortization expense 25,000\begin{array}{lr}\text {2011 Income Statement:} \\\text { Net loss } & \$ 380,000 \\\text { Depreciation expense } & 150,000 \\\text { Amortization expense } & 25,000\end{array}

Balance Sheet: 20112010 Accounts receivable $200,000$230,000 Inventory 140,000160,000 Prepaid expenses 40,00030,000 Accounts payable 190,000180,000 Accrued liabilities 50,00045,000 Taxes payable 10,00020,000\begin{array}{lrr}\text {Balance Sheet: } \\& 2011 & 2010\\\text { Accounts receivable } & \$ 200,000 & \$ 230,000 \\\text { Inventory } & 140,000 & 160,000 \\\text { Prepaid expenses } & 40,000 & 30,000 \\\text { Accounts payable } & 190,000 & 180,000 \\\text { Accrued liabilities } & 50,000 & 45,000 \\\text { Taxes payable } & 10,000 & 20,000\end{array} Determine Sagaworth's net cash flow from operating activities for 2011 under the indirect method.

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