QS 16-4 Indirect: Computing cash from operations LO P2 MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash $87,650 28,000 63,000 $29,800 38,000 54,700 Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable 36,400 28,700 2,800 2,350 MOSS COMPANY ncome Statement For Year Ended December 31, 2017 T $545,000 Sales ** Cost of qoods sold 343,600 201,400 Gross profit Operating expenses expense $ 42,000 125,000 Other expenses 167,000 Income before taxes 34,400 Income taxes expense 12,100 $ 22,300 Net income Use the information above to calculate this company's cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash flows from operating activities