MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable 2019 2018 $87,650 $29,800 28,000 38,000 63,000 54,700 36,400 28,700 2,350 2,800 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense Net income $545,000 343,600 201,400 $ 42,000 125,000 167,000 34,400 12,100 $ 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.) Cash flows from operating activities: Adjustments to reconcile net income to operating cash flow