QS $16-6$

Indirect: Computing cash from operations P$2$

Use the following information to determine cash flows from operating activities using the indirect method.

MOSS COMPANY

Income Statement

For Year Ended December $31,2021$

Sales $...................$ $$515,000$

Cost of goods sold $...........331,600$

Gross profit $................183,400$

Operating expenses

$($excluding depreciation$)....121,500$

Depreciation expense

Income before taxes.

$\frac{36,000}{25,900}$

Income taxes expense

Net income

$\backslash$table$[[7,700],[$$$18,200$