MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $86,650 $28,800 Accounts receivable 27,000 36,000 Inventory 62,000 54,500 Current liabilities Accounts payable 34,400 27,700 Income taxes payable 2,250 2,600 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $535,000 Cost of goods sold 339,600 Gross profit 195,400 Operating expenses Depreciation expense $ 40,000 Other expenses 124,000 164,000 Income before taxes 31,400 Income taxes expense 10,600 Net income $ 20,800 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