Cash flows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands $(000$s$).$

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 $"10,000).)\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$ REVERSE LOGIC $\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$c$|\}\{$ Income Statement $\}\backslash \backslash$

$\backslash$hline Net sales & & $\backslash \backslash$

$\backslash$hline Expenses: & & $\backslash \backslash$

$\backslash$hline Cost of goods sold & & $\backslash \backslash$

$\backslash$hline Operating expenses & & $\backslash \backslash$

$\backslash$hline Depreciation expense & & $57\backslash \backslash$

$\backslash$hline Income tax expense & & $\backslash \backslash$

$\backslash$hline Total expenses & & $\backslash \backslash$

$\backslash$hline Net income & & $\backslash (\backslash$$ $\backslash )\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$