2 Portions of the financial statements for Clear Transmissions Company are provided below. 20 points eBook CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales $2,100 Cost of goods sold 840 Gross margin 1,260 Salaries expense $376 Depreciation expense 245 Amortization expense 36 Interest expense 92 Loss on sale of cash 19 768 equivalents Income before taxes 492 Income tax expense 246 Net Income $ 246 Print References CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Year 2021 2020 Change Cash $132 $126 $ 6 Accounts receivable 257 271 (14) Inventory 463 476 (13) Accounts payable 193 186 7 Salaries payable 105 112 (7) Interest payable 51 46 Income tax payable 42 36 6 STELD December 31, 2021 and 2020 ($ in thousands) Year 2021 2020 Change Cash $132 $126 $ 6 Accounts receivable 257 271 (14) Inventory 463 476 (13) Accounts payable 193 186 7 Salaries payable 105 112 (7) Interest payable 51 46 5 Income tax payable 36 6 42 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.) Cash Flows from Operating Activities Net cash flows from operating activities