E4-33 Cash Rows from operating activities (direct method: includes sale of cesh equivalents) OL04-3 Portions of the financial statements for Clear Transmissions Company are provided below. Sales Cost of goods sold... Gross margin Salories expense CLEAR TRANSMISSIONS COMPANY Statement of Profit or Loss For the Year Ended December 31, 2023 IS in thousands $1.320 500 820 $220 Depreciation expense... 180 Fatent amortization expense. 10 Interest expense 40 Loss on sale of cash equivalents Profit before saws... Income tax expense Not pro 364 (182) 182 CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Statements of Financial Position December 31, 2023 and 2022 2023 2022 Change Cel $102 $100 $2 Accounts receivable, 220 232 1121 Inventory 440 450 (10 Accour is paydo 140 134 6 Salaries payabie. payable. Iwone takes peyeble. 25 20 15 E4-34 Cash flows from Required Prepare the cash flows from operating activities section of the statement of cash flows for Ch Transmissions Company using the direct method, assuming the company classifies interest paid a an operating activity Refer to the data provided in Exercise 4-33 for Clear Transmissions Company Required: operating activities Prepare the cash flows from operating activities section of the statement of cash flows for Car Jindirect method Transmissions Company using the indirect method, assuming the company classifies interest pai as ac operating activity. includes sale of cash equivalents) OL04-4