MOSS COMPANY Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net Income $ 520,000 333,600 186,480 122,500 37,000 26,900 8,600 5 18,300 2020 MOSS COMPANY Selected Balance Sheet Information At December 31 2021 Current assets Cash $ 85,150 Accounts receivable 25,500 Inventory 60, 500 Current liabilities Accounts payable 31,400 Income taxes payable 2,100 $ 27,300 33,000 54,200 26,200 2.300 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.) Use the information above to calculate cash flows from operating activities using the indirect method (Amounts to be a should be indicated by a minus sign.) Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash $ 37,000 Changes in current operating assets and liabilities 37000 37.000