QS 12-6 Indirect: Computing cash from operations LO P2 2018 MOSS COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 Current assets Cash $94. 150 Accounts receivable 34,500 Inventory 69,500 Current liabilities Accounts payable 49,400 Income taxes payable 3,00 $36, 3ee 51, 56,00 35,200 4,1ee ances $ 579,00 369.600 209,400 MOSS COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 55,000 Other expenses 131,500 Income before taxes Income taxes expense Net income 186,500 22,900 12,600 10,300 $ Use the information above to calculate cash flows from operating activities using the indirect method. should be indicated by a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to operating cash flo