Kodak Company€™s 2011 income statement and selected balance sheet data at December 31, 2010 and 2011, follow ($ thousands).

Required
Prepare the cash flows from operating activities section only of the company€™s 2011 statement of cash flows using the indirect method.

KODAK COMPANY Income Statement For Year Ended December 31, 2011 Sales revenue Expenses $312,000 KODAK COMPANY Selected Balance Sheet Accounts Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 44,000 64,000 40,000 0,000 5,200 4,800 4,000 40,000 At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance. Prepaid remt 2011 2010 .$720 $600 ..72 96 480 520 180 20 .-**- 40 28 20 36 Net income 40