MOSS COMPANY Selected Balance Sheet Information December 31, 2018 and 2017 2018 2017 Current assets Cash Accounts receivable Inventory $91,150 33,300 45,000 55,400 31,500 66,500 Current liabilities Accounts payable Income taxes payable 43,400 2,700 32,200 3,500 MOSS COMPANY Income Statement For Year Ended December 31, 2018 Sales Cost of goods sold Gross profit Operating expenses $549,000 357,600 191,400 Depreciation expense $ 49,000 128,500 Other expenses Income before taxes Income taxes expense Net income 177,500 13,900 8,100 S 5,800 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 Income statement items not affecting cash Changes in current operating assets and liabilities