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MOSS COMPANY Selected Balance Sheet Information December 31, 2015 and 2014 2015 2014 Current assets Cash $ 93,150 $ 35,300 Accounts receivable 33,500 49,000 Inventory

MOSS COMPANY Selected Balance Sheet Information December 31, 2015 and 2014
2015 2014
Current assets
Cash $ 93,150 $ 35,300
Accounts receivable 33,500 49,000
Inventory 68,500 55,800
Current liabilities
Accounts payable 47,400 34,200
Income taxes payable 2,900 3,900

MOSS COMPANY Income Statement For Year Ended December 31, 2015
Sales $ 569,000
Cost of goods sold 365,600
Gross profit 203,400
Operating expenses
Depreciation expense $ 53,000
Other expenses 130,500 183,500
Income before taxes 19,900
Income taxes expense 11,100
Net income $ 8,800

Use the information above to calculate this companys 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:
Adjustments to reconcile net income to operating cash flow
$0
0
$0

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