QS 12-6 Indirect: Computing cash from operations LO P2 2018 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2015 2019 Current assets Cash $93,650 Accounts receivable 34,000 Inventory 69,000 Current liabilities Accounts payable 48,400 Income taxes payable 2,950 $35,500 SO,000 55.900 34,700 4,000 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 54,000 Other expenses 131,000 Income before taxes Income taxes expense Net income $ 574,000 367,600 206,400 185,000 21,400 11,800 $9,600 Use the information above to calculate cash flows from operating activities using the Indirect method (Amounts to be deducted should be indicated by o minus sign.)