Accounts payable increase (decrease) Accrued liabilities increase (decrease) 40.000 120.000 24,000 (44.000 20.000 (10.000 122.000 12.000 14.000 10,000 14.000 18.000) 12-4 rect: Computing from operations P2 Use the following information to determine this company's cash flows from operating activities using the indirect method. MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 MOSS COMPANY Income Statement For Year Ended December 31, 2017 2017 2016 3515.000 231030 103.400 Current assets Cash. Accounts receivable. Inventory Current liabilities Accounts payable. Income taxes payable $84,650 25,000 50.000 $26.800 32.000 54.100 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other senses Incoce before taus Income taxes expense Net income $ 35,000 121500 30,400 2,050 25,700 2,200 157.500 25.900 7.700 5 18.200 Acompany's current year me mund te balance sheet dan Dober 31 of the cur rent and prior years follow. Prepare only the opening activities of the statement of cash thos How Much Cash Income Theater Come and operations can be Tects on the wrongs. This the income and opening howsofrece coshows can be the one NEED-TO-KNOW 12-2 Reporting Operating Cash Flows (indirect) using the indirect method for the current yea P2 Select Balance Sheet Mt Dec Income Statem For Curreno December 31 Sales Expenses Cost of goods sold Deprecationem Se espere 5120 Current 512 Pulo $10 Inno 11 50 30 7 1 pe 1 Netico 3 520 Solution Cash Flows from Operating Activities-Idi Method For Current Year End December 31 Cashflows from operating activities Net income Asimetoconde net income to net cash provided by operating activities Income statement items statecting cash Deprecation pense Changes in content assets and contabilities increase in accounts receivable Decrease in inventory Decrease in accounts payable Increase in stories payable Increase in interest payable 3 5 33 553 Net cash provided by operating activities Do More OS 12-3. OS 124 E124, E12-5. E 126