Use the information below to calculate this company?s cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

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December 31, 2015 and 2014 2015 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses $ 90,650 31,000 66,000 MOSS COMPANY Income Statement For Year Ended December 31, 2015 Income before taxes Income taxes expense Net income 42,400 31,700 2,650 3,400 $ 48,000 128,000 2014 $32,800 44,000 55,300 $ $ 544,000 355,600 188,400 176,000 12,400 7,400 5,000 December 31, 2015 and 2014 2015 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses $ 90,650 31,000 66,000 MOSS COMPANY Income Statement For Year Ended December 31, 2015 Income before taxes Income taxes expense Net income 42,400 31,700 2,650 3,400 $ 48,000 128,000 2014 $32,800 44,000 55,300 $ $ 544,000 355,600 188,400 176,000 12,400 7,400 5,000

Answer rating: 100% (QA)

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