Refer to the data provided in E 21-25 for Clear Transmissions Company.
E 21 - 25

Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the indirect method.

CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in thousands) $1,320 Cost of goods sold 820 Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of cash equivalents Income before taxes Income tax expense Net Income $220 180 10 456 364 182 $182 CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparatlve Balance Sheets December 31, 2018 and 2017 ($ in thousands) 2017 Change $100 232 450 134 86 20 10 $102 Cash Accounts receivable (12) (10) Accounts payable Salaries payable Interest payable Income taxes payable