ting activities using the QS 12-4 Indirect: Computing cash from operations P2 Use the following information to determine this company's cash flows from operating activities indirect method. MOSS COMPANY Income Statement For Year Ended December 31, 2017 MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 $515,000 331,600 183,400 Current assets Cash Accounts receivable. Inventory Current liabilities $84,650 25,000 60,000 $26.800 32,000 54.100 Sales ...... Cost of goods sold... Gross profit. Operating expenses Depreciation expense Other expenses Income before taxes. Income taxes expense $ 36,000 121,500 Accounts payable Income taxes payable... 30,400 25,700 2,050 2,200 157,500 25,900 7.700 $ 18,200 Net income