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Selected Balance sheet information. December 31, 2019 2018 Current assets 3,150 $32.300 Accounts receivable See 43. De Inventory 65,5 55.200 Current lities Accounts payable 41.
Selected Balance sheet information. December 31, 2019 2018 Current assets 3,150 $32.300 Accounts receivable See 43. De Inventory 65,5 55.200 Current lities Accounts payable 41. 31,200 Income taxes payable 2.600 3.300 $ 519,000 353,500 185,400 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 47,000 Other expenses 127,500 Income before taxes Income taxes expense Net Income 174, see 10,900 6.600 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 operating cash flow
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