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MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $88,150 $30,300 Accounts receivable 28,500 39,000 Inventory 63,500 54,800

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MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $88,150 $30,300 Accounts receivable 28,500 39,000 Inventory 63,500 54,800 Current liabilities Accounts payable 37,400 29,200 Income taxes payable 2,400 2,900 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $550,000 Cost of goods sold 345,600 Gross profit 204,400 Operating expenses Depreciation expense $ 43,000 Other expenses 125,500 168,500 Income before taxes 35,900 Income taxes expense 12,900 Net income $ 23,000 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 Adjustments to reconcile net income to operating cash flow 0 $ 0

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