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4. 2018 0,5 points MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018...

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Accounting

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4. 2018 0,5 points MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 Current assets Cash 584,650 Accounts receivable 25,090 Inventory 60, Current liabilities Accounts payable 30,400 Income taxes payable 2,950 $26,890 32,098 54,100 25,700 2,200 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $ 515,000 Cost of goods sold 331,600 Gross profit 183,400 Operating expenses Depreciation expense 5 36,000 Other expenses 121,500 157,500 Income before taxes 25,900 Income taxes expense 7.700 Net Income $ 18,200 Use the information above to calculate cosh flows from operating activities using the Indirect method (Amounts to be deducted should be indicated by a minus sign.) 4 Net incone 5 18,200 Use the Information above to calculate cash flows from operating activities using the indirect method (Amounts to be deducted should be indicated by a minus sign.) 0.5 points Answer is not complete. 18.200 Cash flows from operating activities Net income Adjustments to reconcle net income to operating cash flow Accounts receivable decrease Inventory increase Accounts payable increase income taxes payable decrease Depreciation OOOOO (10,700) 10,7003 (750) 48,000 47 250 65,450 ME G

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