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MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash Inventory Accounts payable $85,650 $27,800 Accounts receivable 26,000 34,0ee

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MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash Inventory Accounts payable $85,650 $27,800 Accounts receivable 26,000 34,0ee 54,300 61,000 Current liabilities 32,400 Income taxes payable 2,150 26,700 2,400 MOSS COMPANY Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses $525,e0e 335,600 189,400 Depreciation expense$ 38,000 Other expenses Income before taxes Income taxes expense Net income 123,000 161,000 28, 400 9,500 $ 18,90e 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 0 0

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