Cash flows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands s$).$

$\backslash$table$[[$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$],[$Increase in prepaid rent$],[$Decrease in accounts payable$],[$Decrease in income tax payable$],[$Net cash flows from operating activities$],[$Cash Flows from Operating Activities $($Direct method$)],[$Cash received from customers$],[$Cash paid to suppliers$],[$Cash paid for operating expenses$],[$Cash paid for income taxes$],[$Net cash flows from operating activities$]]$

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 $"10,000).)$

$\backslash$table$[[$REVERSE LOGIC$],[$Income Statement$],[$For the Year Ended December $31,2021],[$Noles$]]$