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 M At December 31 Current assets nces Cash Accounts receivable Inventory Current liabilities $ 515,000 331,600 183,400 121,500 36,000 25,900 7,700 $ 18,200 2021 2020 $ 84,650 $ 26,800 25,000 32,000 60,000 54,100 30,400 25,700 2,050 2,200 Accounts payable Income taxes payable 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 36,000 36,000 $ 36,000