Tyra Company€™s 2011 income statement and selected balance sheet data at December 31, 2010 and 2011, follow ($ thousands).

Required
Prepare the cash flows from operating activities section only of the company€™s 2011 statement of cash flows using the indirectmethod.

TYRA COMPANY Income Statement For Year Ended December 31,2011 Sales revenue$412,000 Expenses TYRA COMPANY Selected Balance Sheet Accounts st of goods sold244000 At December 31 Depreciation expense.... Salaries expense.... Rent expense.. Insurance expense Interest expense 64,000 Accounts receivable 30,000 20,000 Accounts payable. 5.200 Salaries payable 4,800 Utilities payable 2011 2010 $820 $700 272 96 480 520 280 220 40 0 28 36 40 60 Inventory 4000 Prepai Utilities expense Net income..$ 40,000 Prepaid insurance.. Prepaid rent