MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $89,150 $31,300 Accounts receivable 29,500 41,000 Inventory 64,500 55,000 Current liabilities Accounts payable 39,400 30,200 Income taxes payable 2,500 3,100 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $560,000 Cost of goods sold 349,600 Gross profit 210,400 Operating expenses Depreciation expense $ 45,000 Other expenses 126,500 171,500 Income before taxes 38,900 Income taxes expenso 14,300 Not income $ 24,600 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.) 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.) Cash flows from operating activities: Net income Adjustments to reconcile net income to operating cash flow Depreciation Accounts receivable decrease Accounts payable increase Inventory increase Income taxes payable decrease 0 $ 0 Net cash provided by operating activities