MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $90,150 $32,300 Accounts receivable 30,500 43,000 Inventory 65,500 55,200 Current liabilities Accounts payable 41,400 31,200 Income taxes payable 2,600 3,300 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $539,000 Cost of goods sold 353,600 Gross profit 185,400 Operating expenses Depreciation expense $ 47,000 other expenses 127,500 174,500 Income before taxes 10,900 Income taxes expense 6,600 Net income $ 4,300 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: Arimante in rernnrile net innmennnerstinn rach w 353, 600 185,400 Cost of goods sold Gross profit Operating expenses Depreciation expense other expenses Income before taxes Income taxes expense Net income $ 47,000 127,500 174,500 10, 900 6,600 $ 4,300 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