ezto.mneducatio Chapter 12 Pre Assignment Exercise 1.00 points MOSS COMPANY Selected Balance Sheet Information December 31, 2015 and 2014 2015 2014 Current assets Cash 94,650 36,800 Accounts receivable 35,000 52,000 Inventory 70,000 56,100 Current liabilities Accounts payable 50,400 35,700 Income taxes payable 3,050 4.200 MOSS COMPANY Income Statement For Year Ended December 31, 2015 Sales 584,000 Cost of goods sold 371,600 Gross profit 212,400 operating expenses Depreciation expense 56,000 other expenses 132,000 188,000 Income before taxes 24,400 Income taxes expense 13,300 Net income 11,100 use the information above to calculate this company's cash flows from operating activities using the indir method. (Amounts to be deducted should be indicated by a minus sign.) Cash flows from operating activities: Net income 11,100 Adjustments to reconcile net income to operating cash flow