13)

Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Sales $1,980 Cost of goods sold 792 Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of cash equiva Income before taxes Income tax expense 234 Net Income 234 . ww NUN VO CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in 2005) Year 2018 2017 Change Cash $126 $122 Accounts receivable 253 265 (12) Inventory 461 472 (11) Accounts payable 183 178 Salaries payable 103 Interest payable Income taxes payable awau Required: Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the direct method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) Required: Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the direct method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) W Cash Flows from Operating Activities: " Net cash flows from operating activities