2018 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 Current assets Cash $ 85,150 Accounts receivable 25,500 Inventory 60,500 Current liabilities Accounts payable 31,400 Income taxes payable 2,100 $ 27,300 33,000 54,200 26,200 2,300 $ 520,000 333,600 186,400 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 37,000 Other expenses 122,500 Income before taxes Income taxes expense Net income 159,500 26,900 8,600 $ 18,300 Use the information above to calculate cash flows from operating activities using the indirect method. (Am should be indicated by a minus sign.) Cash flows from operating activities: Adjustments to reconcile net income to operating cash flow Kam Part 1 (Online) Saved Income taxes payable 2,100 2,300 $ 520,000 333,600 186,400 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 37,000 Other expenses 122,500 Income before taxes Income taxes expense Net income 56:09 159,500 26,900 8,600 $ 18,300 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