2 QS 12-4 Indirect: Computing cash from operations LO 7.14 points MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets eBook Hint Print Cash Accounts receivable Inventory $93,150 $35,300 49,000 55, 800 33,500 68,500 Current liabilities Accounts payable Income taxes payable 47,400 2,900 34,200 3,900 MoSS COMPANY Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Cross profit Operating expenses $569,000 365, 600 203,400 Depreciation expense53,000 Other expensos Income before taxes Income taxes expense Net income 130.500183 500 19,900 11 100 $8,800