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. Current liabilities Inventory 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