QS 16-4 Indirect: Computing cash from operations LO P2 MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 Current assets Cash $93,150 Accounts receivable 33,500 Inventory 68,500 Current liabilities Accounts payable 47.400 Income taxes payable 2.900 $35,00 49.00 55,800 3-4,20 3.900 MOSS COMPANY Income Statesent For Year Ended December 31, 2017 Sales $ 569.000 Cost of goods sold 365,600 Gross profit 203,400 Operating expenses Depreciation expense $ 53,000 Other expenses 130, 500 183,50 Income before taxes 19,900 Income taxes expense 11, 100 Net Income 3.500 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 Adjustments to reconcile net income to operating cash flow