MOSS COMPANY Income Statement For Year Ended December 31, 2021 Sales $ 569,000 Cost of goods sold 365,600 Gross profit 203,400 Operating expenses (excluding depreciation) 130,500 Depreciation expense 53,000 Income before taxes 19,900 Income taxes expense 11.100 Net income $ 8,800 MOSS COMPANY Selected Balance Sheet Information At December 31 2021 2020 Current assets Cash $ 93,150 $ 35,300 Accounts receivable 33.500 49,000 Inventory 68.500 55,800 Current liabilities Accounts payable 47.400 34,200 Income taxes payable 2.900 3,900 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 ows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities For Year Ended December 31, 2021 Sales $ 569,000 Cost of goods sold 365,600 Gross profit 203,400 Operating expenses (excluding depreciation) 130,500 Depreciation expense 53,000 Income before taxes 19,900 Income taxes expense 11,100 Net income $ 3.800 MOSS COMPANY Selected Balance Sheet Information At December 31 2021 2020 Current assets Cash $ 93,150 $ 35,300 Accounts receivable 33.500 49,000 Inventory 68.500 55,800 Current liabilities Accounts payable 47.400 34,200 Income taxes payable 2.900 3,900 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 ows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities