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

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Cash Flows from Operating Activities $($Indirect method$)$

Net income $$161$

Adjustments to reconcile net income to net cash flows from operating activities:

Depreciation expense $49$

Increase in accounts receivable $(25)$

Decrease in inventory $37$

Increase in prepaid rent $(5)$

Decrease in accounts payable $(19)$

Decrease in income tax payable $(8)$

Net cash flows from operating activities

$$190$

Cash Flows from Operating Activities $($Direct method$)$

Cash received from customers $ $4,005$

Cash paid to suppliers $(5,580)$

Cash paid for operating expenses $(1,150)$

Cash paid for income taxes $(85)$

Net cash flows from operating activities

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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 $"10,000).)$