Cash flows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s). Cash Flows from Operating Activities (Indirect method) Net income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable Decrease in inventory 169 S 57 (33) 45 nt Decrease in acents payable Decrease in income tax payable Net cash flows from operating activities Cash Flows from Operating Activities Cash received from customers 21) (7) $207 (Direct method) $ 4,045 (2,590) (1,1 (92) Cash paid to suppliers penses Cash paid for income taxes Net cash flows from operating activities $207 Required: Complete the following income statement for Reverse Logic. Assume all accounts payable are to suppliers. (Enter your answers in thousands (i.e., 10,000,000 should be entered as "10,000).) REVERSE LOGIC Income Statement For the Year Ended December 31, 2021 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense 57 Income tax expense Total expenses 169 Net income