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MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash $85,150 $27,300 33,000 54,200 25, 500 60,500 Accounts receivable
MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash $85,150 $27,300 33,000 54,200 25, 500 60,500 Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable 31,400 2,100 26,200 2,300 MOSS COMPANY Income Statement For Year Ended December 31, 2017 $520,000 Sales 333,600 Cost of goods sold Gross profit Operating expenses 186, 400 s 37,000 Depreciation expense 122,500 159,500 26,900 8,600 Other expenses Income before taxes Income taxes expense $ 18,300 Net income 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
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