QS 12-6 (Algo) Indirect: Computing cash from operations LO P2 Sales MOSS COMPANY Income Statement For Year Ended December 31, 2021 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income MOSS COMPANY Selected Balance Sheet Information At December 31 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable $ 559,000 361,600 197,400 2021 2020 $ 92,150 $ 34,300 32,500 47,000 67,500 55,600 45,400 33,200 2,800 3,700 129,500 51,000 16,900 9,600 $ 7,300 Use the information above to calculate cash flows from operating activities using the indirect method. ( should be indicated by a minus sign.)