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MOSS COMPANY Selected Balance sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $93,650 $35,800 Accounts receivable 34,000 50,000 Inventory 69,000 55,900

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MOSS COMPANY Selected Balance sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $93,650 $35,800 Accounts receivable 34,000 50,000 Inventory 69,000 55,900 Current liabilities Accounts payable 48,400 34,700 Income taxes payable 2,950 4,000 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $574,000 Cost of goods sold 367,600 Gross profit 206,400 Operating expenses Depreciation expense $ 54,000 Other expenses 131,000 185,000 Income before taxes 21,400 Income taxes expense 11,800 Net income $ 9,600 Use the information above to calculate cash flows from operating activities using the indirect method (Amounts to deducted should be indicated by a minus sign.) Cash flows from operating activities: Adjustments to reconcile net income to operating cash flow / / / / / / /

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