MOSS COMPANY Selected Balance Sheet Information At December 31 Current assets Cash Accounts receivable Inventory Current liabilities. Accounts payable Income taxes payable Sales 2020 2019 $ 84,650 25,000 $ 26,800 32,000 60,000 54,100 30,400 25,700 2,050 2,200 MOSS COMPANY Income Statement For Year Ended December 31, 2020) Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 515,000 331,600 183,400 121,500 36,000 25,900 7,700 $ 18,200 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. Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities < Prev 25 of 25 Next