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QS 12-6 Indirect: Computing cash from operations LO P2 02 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets

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QS 12-6 Indirect: Computing cash from operations LO P2 02 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 2018 Current assets Cash $92,150 $34,300 Accounts receivable 32,500 47,000 Inventory 67,500 55,600 Current liabilities Accounts payable 45,400 33,200 Income taxes payable 2,800 3,700 ces MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales $559,000 Cost of goods sold 361,600 Gross profit 197, 400 Operating expenses Depreciation expense $ 51,000 Other expenses 129,500 180,500 Income before taxes 16,900 Income taxes expense 9,600 Not income $ 7,300 Use the information above to calculate cash flows from operating activities using their should be indicated by a minus sign.) Cash flows from operating activities: Prey 1 of 7

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