C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.kean.edu%252Fwebapp Apps At Ocean Connect Close Browser B. Blackboard Learn Course Content - 2... X xFinity | Portal Citing a Website in... Unit 8 AS: Exercises and Problems (Connect) i Saved 2 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the indirect method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be 7 indicated with a minus sign.) points eBook Cash Flows from Operating Activities: Print Adjustments for noncash effects References Changes in operating assets and liabilities Net cash flows from operating activities Mc Graw Hill Type here to search O2 Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) points Sales $1,980 Cost of goods sold 792 Gross margin 1 , 188 eBook Salaries expense $352 Depreciation expense 235 Print Amortization expense 32 Interest expense 84 References Loss on sale of cash equivalents 17 720 Income before taxes 468 Income tax expense 234 Net Income $ 234 CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in 000s ) Year 2021 2020 Change Cash $126 $122 $ 4 Accounts receivable 253 265 (12) Inventory 461 472 (11) Accounts payable 183 178 5 Salaries payable 103 108 (5 ) Interest payable 45 42 3 Income tax payable 48 32 16 Required: Mc Graw Hill Prev 2 of 10 Next > Type here to search O