2018 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 Current assets Cash $84,650 Accounts receivable 25,000 Inventory 60,000 Current liabilities Accounts payable 30,400 Income taxes payable 2,050 $26,800 32,000 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 $ 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 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 0 $ 0