Sales Income Statement For Year Ended December 31, 2021) Cost of goods sold Gross profit Operating...

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Sales 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 $ 574,000 367,600 206,400 131,000 54,000 21,400 11,800 $9,600 MOSS COMPANY Selected Balance Sheet Information At December 31 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable 2021 2020 $ 93,650 34,000 $ 35,800 50,000 69,000 55,900 48,400 34,700 2,950 4,000 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.) Sales 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 $ 574,000 367,600 206,400 131,000 54,000 21,400 11,800 $9,600 MOSS COMPANY Selected Balance Sheet Information At December 31 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable 2021 2020 $ 93,650 34,000 $ 35,800 50,000 69,000 55,900 48,400 34,700 2,950 4,000 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.)