MOSS COMPANY
Income Statement
For Year Ended December 31, 2021
Sales	$ 560,000
Cost of goods sold	349,600
Gross profit	210,400
Operating expenses (excluding depreciation)	126,500
Depreciation expense	45,000
Income before taxes	38,900
Income taxes expense	14,300
Net income	$ 24,600

MOSS COMPANY
Selected Balance Sheet Information
At December 31	2021	2020
Current assets
Cash	$ 89,150	$ 31,300
Accounts receivable	29,500	41,000
Inventory	64,500	55,000
Current liabilities
Accounts payable	39,400	30,200
Income taxes payable	2,500	3,100

Use the information above to calculate cash flows from operating activities using the indirect method.

Note: Amounts to be deducted should be indicated by a minus sign.