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 $ 549,000 357,600 191,400 128,500 49,000 13,900 8,100 $5,800 MOSS COMPANY Selected Balance Sheet Information At December 31 2021 2020 Current assets Cash $91,150 $ 33,300 Accounts receivable 31,500 45.000 Inventory 66.500 55,400 Current 11abilities Accounts payable 43.400 32,200 Income Laxes payable 2,700 3,500 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 $ 49,000 49.000 49.000