2 MOSS COMPANY Selected Balance sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $91,650 $33,800 Accounts receivable 32,000 46,000 Inventory 67,000 55,500 Current liabilities Accounts payable 44,400 32,700 Income taxes payable 2,750 3,600 MOSS COMPANY Income Statement Yor Year Ended December 31, 2019 Sales $554,000 Cost of goods sold 359,600 Gross profit 194,400 Operating expenses Depreciation expense $ 50,000 Other expenses 129,000 179,000 Income before taxes 15,400 Income taxes expense 8.800 Het income $ 6,600 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 ME GEN