MOSS COMPANY
Income Statement
For Year Ended December
Sales $
Cost of goods sold
Gross profit
Operating expenses excluding depreciation
Depreciation expense
Income before taxes
Income taxes expense
Net income $
MOSS COMPANY
Selected Balance Sheet Information
At December
Current assets
Cash $ $
Accounts receivable
Inventory
Current liabilities
Accounts payable
Income taxes payable
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.
