MOSS COMPANY
Income Statement
For Year Ended December 31, 2021
Sales	$ 545,000
Cost of goods sold	343,600
Gross profit	201,400
Operating expenses (excluding depreciation)	125,000
Depreciation expense	42,000
Income before taxes	34,400
Income taxes expense	12,100
Net income	$ 22,300

MOSS COMPANY
Selected Balance Sheet Information
At December 31	2021	2020
Current assets
Cash	$ 87,650	$ 29,800
Accounts receivable	28,000	38,000
Inventory	63,000	54,700
Current liabilities
Accounts payable	36,400	28,700
Income taxes payable	2,350	2,800

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 flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash \begin{tabular}{|l|l|l|l|l|} \hline Changes in current operating assets and liabilities & & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}