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Sed Help Save & Exit Submit MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $90,650 $32,800 Accounts receivable 31,000 44,000 Inventory 66,000 55,300 Current liabilities Accounts payable 42,400 31,700 Income taxes payable 2,650 3,400 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $544,000 Cost of goods sold 355,600 Gross profit 188, 400 Operating expenses Depreciation expense $ 48,000 Other expenses 128,000 176,000 Income before taxes 12,400 Income taxes expense 7,400 Net income $5,000 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.) Cash flows from operating activities: MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $544,000 Cost of goods sold 355,600 Gross profit 188, 400 Operating expenses Depreciation expense $ 48,000 Other expenses 128,000 176,000 Income before taxes 12,400 Income taxes expense 7,400 Net income $ 5,800 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.) Cash flows from operating activities: Adjustments to reconcile net income to operating cash flow

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