Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense 355,600 188,400 $ 48,000 128,000 176,000 12,400 7,400 Net income 5,000 Use the information above to calculate this company's 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 of 8 Next > uS 12-4 Indrect: Computing cash from operatic MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash $90,650 31,000 66,000 $32,800 44,000 55,300 Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable 42,400 2,650 31,700 3,400 MOSS COMPANY Income Statement For Year Ended December 31, 2017 Sales $ 544,000 355,600 188,400 Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses $ 48,000 128,000 176,000 12,400 7,400 Income before taxes Income taxes expense 5,000 Net income Use the information above to calculate this company's cash flo deducted should be indicated by a minus sign.) Cashflows from operating activ tes