Portions of the financial statements for Clear Transmissions Company are provided on the next page.

Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the direct method.

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CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands) Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense Interest expense Loss on sale of cash equivalents Income before taxes Income tax expense Net Income Cash Accounts receivable Inventory Accounts payable CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands) Year Salaries payable Interest payable Income tax payable 2024 $102 220 440 140 $220 180 80 25 15 10 40 6 2023 $100 232 450 134 86 20 10 $1,320 500 820 456 364 182 $182 Change $ 2 (12) (10) 56655