Use the following information to determine this company?s cash flows from operating activities using the indirect method.

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MOSS COMPANY Selected Balance Sheet Information December 31, 2018 and 2017 2018 2017 Current assets Cash... $84,650 $26,800 25,000 32,000 Accounts receivable. Inventory.... 60,000 54,100 Current liabilities Accounts payable.... Income taxes payable ... 30,400 25,700 2,200 2,050 MOSS COMPANY Income Statement For Year Ended December 31, 2018 Sales .. $515,000 Cost of goods sold . 331,600 Gross profit.... Operating expenses 183,400 $ 36,000 Depreciation expense. Other expenses . Income before taxes. 121,500 157,500 25,900 7,700 $ 18.200 Income taxes expense Net income .