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

$\backslash$table$[[$Sales$,],[,$$ $554,000],[$Cost of goods sold,$359,600],[$Gross profit,$194,400],[$Operating expenses $($excluding depreciation$),129,000],[$Depreciation expense,$50,000],[$Income before taxes,$15,400],[$Income taxes expense,$8,800],[$Net income,$ $6,600]]$

$\backslash$table$[[$Selected Balance Sheet Information$],[$At December $31,2021,2020],[$Current assets$],[$Cash$,$$ $91,650,$$ $33,800],[$Accounts receivable,$32,000,46,000],[$Inventory$,67,000,55,500],[$Current liabilities$],[$Accounts payable,$44,400,32,700],[$Income taxes payable,$2,750,3,600]]$

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.