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MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash 587,650 $29,800 Accounts receivable 28,eee 38, cee Inventory 63,000

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MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash 587,650 $29,800 Accounts receivable 28,eee 38, cee 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, 2019 Sales $545, 680 Cost of goods sold 343,6ee Gross profit 201, 40e 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 cash flows from operating activities using the indirect method (Amounts to be deducted should be indicated by a minus sign.)

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