IR, Week 5 - Learning Activity 2~ X M Question 2 - Week 5 - Learni X * Course Hero x | + c 25 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F %252FIms.mheducation.com%252Fmghmi... bl) Finish update : Week 5 - Learning Activity 2 @) Saved Help Save & Exit Submit 2 MOSS COMPANY Income Statement For Year Ended December 31, 2021 Sales $ 549,000 Cost of goods sold 357,600 0.8 Gross profit 191,400 points Operating expenses (excluding depreciation) 128,500 Depreciation expense 49,000 Income before taxes 13,900 Income taxes expense 8,100 ![ Net income $ 5,800 eBook MOSS COMPANY @ Selected Balance Sheet Information At December 31 2021 2020 Hint Current assets Cash $ 91,150 $ 33,300 = Accounts receivable 31,500 45,000 L u ) Inventory 66,500 55,400 Print Current liabilities Accounts payable 43,400 32,200 Income taxes payable 2,700 3,500 D References Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash flows from operating activities: r @ @ 0 ] Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities %