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MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2816 2817 2016 Current assets Cash $87,150 27,50e 62,5ee $29,30e Accounts receivable 37.00e Inventory Current
MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2816 2817 2016 Current assets Cash $87,150 27,50e 62,5ee $29,30e Accounts receivable 37.00e Inventory Current 1iabilities 54,60e Accounts payable 35.400 28.200 Income taxes payable 2,70e 2,30e MOSS COMPANY Income Statement For Year Ended December 31, 2017 Sales 540,0ee Cost of goods sold 341,600 Gross profit 198,400 Operating expenses Depreciation expense 41,eee Other expenses 124,5ee 165,50e Income before taxes 32,90e Income taxes expense 11,400 21,5ee Net income Use the Information above to calculate this company's cash flows from operating activitles using the indirect method. (Amounts to be deducted should be Indlicated by a minus sign.) Cash flows from operating activities: Adjustments to reconcile net income to operating cash flow
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