Ise the following information to determine cash flows from operating activities using the indirect method. OS 16-6 Indirect: Computing cash from operations P2 MOSS COMPANY Income Statement For Year Ended December 31, 2019 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 $515,000 331,600 183,400 2019 2018 Sales ............ Cost of goods sold ........ Gross profit.... Operating expenses Depreciation expense... Other expenses ........ Income before taxes. Income taxes expense..... Net Income ..... $ 36,000 121,500 $84,650 25,000 60,000 $26.800 32.000 Current assets Cash. ................. Accounts receivable..... Inventory.............. Current liabilities Accounts payable....... Income taxes payable ... 157,500 25,900 7,700 $ 18,200 54.100 30,400 2,050 25,700 2.200