2018 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 Current assets Cash $86,150 Accounts receivable 26,500 Inventory 61,500 Current liabilities Accounts payable 33,480 Income taxes payable 2,200 $28,300 35,080 54,400 27,200 2,500 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 39,000 Other expenses 123,500 Income before taxes Income taxes expense Net income $530,000 237,600 192,400 162,500 29,900 9,900 $ 20,000 Use the information above to calculate cash flows from operating activities using the indirect method. (Amounts to be dedue should be indicated by a minus sign.) Ancarie net ramleta Prey 1 of 7 !!! Next > to search Answer is not complete. S 20,000 Cash flows from operating activities Net income Adjustments to reconcile net income to operating cash flow Depreciation Accounts receivable decrease Inventory increase Accounts payable increase Income taxes payable decrease > > S 39,000 8,500 7,100 % 6,200 300 61,100 81.100 S