Presented below is the current year income statement and comparative balance sheet information for Troust Company.

Troust Company
Income Statement
For the Year Ended December 31, Current Year
($ in thousands)
Sales revenue		$ 10,500
Operating expenses:
Cost of goods sold	$ 4,100
Depreciation expense	310
Insurance expense	450
General and administrative expense	2,500
Total operating expenses		7,360
Income before income taxes		3,140
Income tax expense		(1,256)
Net income		$ 1,884
Balance Sheet Information ($ in thousands)	December 31, Current Year	December 31, Previous Year
Assets:
Cash	$ 440	$ 270
Accounts receivable	785	900
Inventory	745	670
Prepaid insurance	120	55
Equipment	2,800	2,150
Less: Accumulated depreciation	(980)	(670)
Total assets	$ 3,910	$ 3,375
Liabilities and Shareholders' Equity:
Accounts payable	$ 335	$ 430
Accrued liabilities (for general & administrative expense)	335	470
Income taxes payable	235	220
Notes payable (due 12/31/Next Year)	1,000	700
Common stock	1,040	870
Retained earnings	965	685
Total liabilities and shareholders' equity	$ 3,910	$ 3,375

Required:

Prepare the cash flows from operating activities section of Trouts statement of cash flows using the indirect method.