MUS LUMINAINY 2018 Selected Balance Sheet Information December 31, 2019 and 2018 2019 Current assets Cash $ 88,650 Accounts receivable 29,000 Inventory 64,000 Current liabilities Accounts payable 38,400 Income taxes payable 2,450 $30, 800 40,000 54,900 29,700 3,000 es MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $ 555,000 Cost of goods sold 347,600 Gross profit 207,400 Operating expenses Depreciation expense $ 44,000 Other expenses 126,000 170,000 Income before taxes 37,400 Income taxes expense 13,600 Net income $ 23,800 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 not income to operating cash flow 0 0 $ Accounts payable decrease Accounts payable increase Accounts receivable decrease Accounts receivable increase Depreciation