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MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash $ 91,650 $ 33,800 Accounts receivable 32,000 46,000 Inventory

MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016
2017 2016
Current assets
Cash $ 91,650 $ 33,800
Accounts receivable 32,000 46,000
Inventory 67,000 55,500
Current liabilities
Accounts payable 44,400 32,700
Income taxes payable 2,750 3,600

MOSS COMPANY Income Statement For Year Ended December 31, 2017
Sales $ 554,000
Cost of goods sold 359,600
Gross profit 194,400
Operating expenses
Depreciation expense $ 50,000
Other expenses 129,000 179,000
Income before taxes 15,400
Income taxes expense 8,800
Net income $ 6,600

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.)

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