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 MOSS COMPANY Selected Balance Sheet Information 2021 At December 31 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable $ 84,650 25,000 60,000 Cash flows from operating activities: 30,400 2,050 2020 $ 515,000 331,600 183,400 121,500 36,000 Changes in current operating assets and liabilities 25,900 7,700 $ 18, 200 $ 26,800 32,000 54,100 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. 25,700 2,200 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash $ 36,000 $

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