$\backslash$table$[[\backslash$table$[[$MOSS COMPANY$],[$Income Statement For Year Ended December $31,2021]]],[$Sales$,$$ $555,000],[$Cost of goods sold,$347,600],[$Gross profit,$207,400],[$Operating expenses $($excluding depreciation$),126,000],[$Depreciation expense,$44,000],[$Income before taxes,$37,400],[$Income taxes expense,$13,600],[$Net income,$ $23,800]]$

$\backslash$table$[[$MOSS COMPANY Selected Balance Sheet Information$],[$At December $31,2021,2020],[$Current assets$],[$Cash$,$$ $88,650,$$ $30,800],[$Accounts receivable,$29,000,40,000],[$Inventory$,64,000,54,900],[$Current liabilities$],[$Accounts payable,$38,400,29,700],[$Income taxes payable,$2,450,3,000]]$

Use the information above to calculate cash flows from operating activities using the indirect method.

Note: Amounts to be deducted should be indicated by a minus sign.

$\backslash$table$[[$Cash flows from operating activities:,,$],[,,],[$Adjustments to reconcile net income to net cash provided by operating activities,,$],[$Income statement items not affecting cash,,$],[,$$ $44,000,],[$Changes in current operating assets and liabilities,,$],[,,],[,,],[,,],[,,]]$