Question: i don't understand how to complete the income statement https eztomheducation.com/hm.tpx Cash ows from operating activities for both the indirect and direct methods are presented

i don't understand how to complete the income statement

i don't understand how to complete the income statement https eztomheducation.com/hm.tpx Cash

https eztomheducation.com/hm.tpx Cash ows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (0005). Cash Flows from Operating Activities (Indirect method) Net income $ 1 67 Adjustments to reconcile net income to net cash ows from operating activities: Depreciation expense 55 Increase in accounts receivable (31) Decrease in inventory 43 Increase in prepaid rent (4) Decrease in accounts payable (19) Decrease in income tax payable (8) Net cash flows from operating activities $203 Cash Flows from Operating Activities (Direct method) Cash received from customers $ 4.035 Cash paid to suppliers (2,586) Cash paid for operating expenses (1,155) Cash paid for income taxes (91) Net cash flows from operating activities $203 r 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).) Net sales Expenses: Cost of goods sold Operating expenses - Depreciation expense 55 Income tax expense 83 Total expenses 36 Net income 35 167 0 Type here to search

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