Rapture 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 indirectmethod.

RAPTURE COMPANY Income Statement For Year Ended December 31,20I1 Sales revenue Expenses $58,600 RAPTURE COMPANY Selected Balance Sheet Accounts . . . . 21,000 6,000 1,000 2,500 1,900 ,800 1400 $13,000 2011 2010 At December 31 Accounts recelvable$380 $390 Inventory . Accounts payable Salarles payable Utilities payable Prepald insurance Prepaid rent Depreciation expense Salaries expense -.... . . t. Rent expense Insurance expense Interest expense Utilities expense .. 9977 120 130 44 35 . . 13 14 Net Income