QS $12-6($Algo$)$ Indirect: Computing cash from operations LO P$2$

$\backslash$table$[[\backslash$table$[[$MOSS COMPANY$],[$Income Statement$],[$For Year Ended December $31,2021]],],[$Sales$,$$ $544,000],[$Cost of goods sold,$355,600],[$Gross profit,$188,400],[$Operating expenses $($excluding depreciation$),128,000],[$Depreciation expense,$48,000],[$Income before taxes,$12,400],[$Income taxes expense,$7,400],[$Net income,$$5,000$