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 $579,000 369,600 209,400 131,500 55,000 22,900 12,600 $ 10,300 At December 31 Current assets Cash Accounts receivable Inventory Current Liabilities Accounts payable Income taxes payable 2021 2020 $ 94,150 $ 36,300 34,500 51,000 69,500 56,000 49,400 35,200 3,000 4,100 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 net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities 55,000 Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Salaries expense Selected Year-End Balance Sheet Data $ 100,000 Accounts receivable decrease Purchased a machine for cash 68,000 Salaries payable increase 29,000 Interest payable decrease. 29,600 Utilities expense Depreciation expense Net loss 8,200 $ (34,800) $ 23,000 18,000 25,000 12,000 Interest expense Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities-indirect method Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Fitz Company reports the following information. Selected Annual Income Statement Data Net income Depreciation expense Amortization expense Gain on sale of plant assets Selected Year-End Balance Sheet Data $ 385,000 Accounts receivable decrease 47,200 Inventory decrease 7,200 Prepaid expenses increase 6,500 Accounts payable decrease Salaries payable increase $ 106,500 48,500 5,400 10,400 1,900 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities $