MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016
	2017			2016
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

MOSS COMPANY Income Statement For Year Ended December 31, 2017
Sales				$	545,000
Cost of goods sold					343,600
Gross profit					201,400
Operating expenses
Depreciation expense	$	42,000
Other expenses		125,000			167,000
Income before taxes					34,400
Income taxes expense					12,100
Net income				$	22,300

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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.)

Check my work QS 16-4 Indirect: Computing cash from operations LO P2 MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 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 MOSS COMPANY Income Statement For Year Ended December 31, 2017 Sales $545,000 Cost of goods sold 343, 600 Gross profit 201,400 Operating expenses Depreciation expense $ 42,000 Other expenses 125,000 167,000 Income before taxes 34,400 Income taxes expense 12,100 Net income $ 22,300 Use the information above to calculate this company's 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