2 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 4 Current assets Cash points Accounts receivable Hint Inventory Current Liabilities Accounts payable Income taxes payable 2019 2018 $87,650 $29,800 28,000 38,000 63,000 54,700 36,400 28,700 2,350 2,800 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit P Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense References Net income $545,000 343,600 201,400 $ 42,000 125,000 167,000 34,400 12,100 $22,300 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