2 11.11 points MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash $93,650 $35,800 Accounts receivable 34,000 50,000 Inventory 69,000 55,900 Current liabilities Accounts payable 48,400 34,700 Income taxes payable 2,950 4,000 Skipped eBook Hint MOSS COMPANY Income Statement For Year Ended December 31, 2017 Sales $574,000 Cost of goods sold 367,600 Gross profit 206,400 Operating expenses Depreciation expense $ 54,000 Other expenses 131,000 185,000 Income before taxes 21,400 Income taxes expense 11,800 Net income $ 9,600 Print References Hint Use the information above to calculate this company's cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Print Cash flows from operating activities: References Adjustments to reconcile net income to operating cash flow 0 $ 0