MOSS COMPANY Income Statement Sales For Year Ended December 31, 2021 Cost of goods sold, Gross profit Operating expenses (excluding depreciation) Depreciation expense. Incone before taxes Income taxes expense Net income MOSS COMPANY Selected Balance Sheet Information At December 31 Current assets Cash Accounts receivable Current liabilities Inventory Accounts payable Income taxes payable $ 564,000 2021 2020 $ 92,650 $ 34,800 33,000 48,000 68,000 55,700 46,400 33,700 2,850 3,800 363,600 200,400 130,000 52,000 18,400 10,300 $ 8,100 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.) Selected Balance Sheet Information At December 31 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable. 2021 2020 $ 92,650 33,000 $ 34,800 48,000 68,000 55,700 46,400 2,850 33,700 3,800 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 Answer is not complete. Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation Changes in current operating assets and liabilities Accounts receivable decrease Accounts payable increase Inventory increase Income taxes payable decrease Net cash provided by operating activities 52,000 15,000 12,700 $ 8,100 79,700 87,800