2019 MOSS COMPANY Selected Balance Sheet Information At December 31 2020 Current assets Cash $ 91,650 Accounts receivable 32,000 Inventory 67,000 Current liabilities Accounts payable 44,400 Income taxes payable 2,750 $33,800 46,000 55,500 32,700 3,600 MOSS COMPANY Income Statement For Year Ended December 31, 2020 Sales $ 554,000 Cost of goods sold 359,600 Gross profit 194,400 Operating expenses 129,000 (excluding depreciation) Depreciation expense 50,000 Income before taxes 15,400 Income taxes expense 8,800 Net 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 net cash provided by operating activities 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 net cash provided by operating activities