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.