Question: 5 Cash flows from operating activities for both the Indirect and direct methods are presented for Reverse Logic All amounts are in thousands (000s 155

 5 Cash flows from operating activities for both the Indirect and

5 Cash flows from operating activities for both the Indirect and direct methods are presented for Reverse Logic All amounts are in thousands (000s 155 6 Cash Flow from Operating Activities Indirect sethod Net incore Adjustments to reconcile net income to net cash flows from operating activities: Depreciation experte Increase in acrounts receivable Decrease in Inventory 1ecrease in prepaid rent Decrease in accounts payable Decrease in income tax payable cash flows from operating activiti Cash Flows fror Operating Activities (Direct rathod) Cash received from customers Cash paid to suppliers Cash paid for operating en Cash paid for income taxes het cash flow from operating wtiviti 03 (19) 31 5) (12) (8 wat $185 w $ 3,975 2,567) (1,146) Pin $185 mes Required: Complete the following income statement for Reverse Logic Assume al accounts payable are to supplers. (Enter your answers in thousands fie. 10,000,000 should be entered as "10,000) REVERSE LOGIC Income Statement For the Year Ended December 31, 2021 Net Costul gidid Opwing experien 43 Depristonen Income tax express Tap 5 Nel come 155

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