r 16 -Homework Saved QS 16-4 Indirect: Computing cash from operations LO P2 SS COMPANY Selected Balance Sheet Informatior December 31, 2017 and 2016 2017 2016 ped Current assets Cash Accounts receivable Inventory $94,150 $36,300 51,000 56,000 34,500 69,500 Current liabilities Accounts payable Income taxes payable 49,400 3,000 35,200 4,100 ook MOSS COMPANY Income Statement For Year Ended December 31, 2017 int Sales Cost of goods sold Gross profit Operating expenses 579,000 369, 600 209,400 rint Depreciation expense $ 55,000 131,500 Other expenses Income before taxes Income taxes expense Net income 186, 500 22,900 12,600 s 10,300 erences Cash flows from operating activities: Adjustments to reconcile net income to operating cash flow 0