Use the following information to determine this company's cash flows from operating activities using the indirect method.

Transcribed Image Text:

MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets $84,650 $26 25,000 32.000 00005100 0,400 25,700 2,050 2,200 Cit.h . Accounts receivable. 11 91 eHy. Current liabilities Accounts payable. Income taxes payable MOSS COMPANY Income Statement For Year Ended December 31,2017 $515,000 331.600 183,400 Sales. Operating expenses Other expenses Income before taxes.. Income taxes expense Net income 121,500 157,500 25,900