supplement A) Comparing Cash Flow Methods) A) Comparing Cash Flows from Operating Activities (Direct and Indirect s from a Company's acco O 's accountants have just completed the income statement and balance sheet for the year the following information (dollars in thousands) provided the following INCOME STATEMENT Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Utilities expense Interest expense on bonds $22,600 $10,500 2,000 4,070 3,200 1,100 850 450 Loss on sale of investments 650 22,820 S (220) Net loss SELECTED BALANCE SHEETACCOUNTS 2015 2016 Merchandise inventory Accounts receivable Accounts payable Salaries payable Rent payable Prepaid rent Prepaid insurance S 65 620 212 23 10 $150 440 285 38 17