17 The chief accountant for Julius Co, provides you with the company's most recent income statement and comparative balance sheets below. The accountant has asked for your help in preparing part of the company's 2021 statement of cash flows. 2021 Income Statement is in thousands) Sales revenue $5,180 Depreciation expense 340 Selling & administrative expense 3.780 4 120 Income before taxes 1,068 Income tax expense 318 Net Income $ 742 5 points 30 ook Balance Sheet calls in thousands Accounts receivable Property, plant & equipment Less: Accumulated depreciation Accrued liabilities for selling & administration expense Income taxes payable Common stock Retained earnings 12/31/21 12/31/20 $ 812 $ 756 462 371 2,200 1,480 (920) (580) $2,554 $2,027 337 192 760 1.296 $2,554 136 760 794 $2,027 Required Determine the cash flow from operating activities for Julius Co., using the direct method. (Enter your answers in thousands of dollars.) Cash flows from operating activities