B. is true or false

The financial statements of Simon Co. include the following items (amounts in thousands): Income Statement Net income Depreciation and amortization expense For the Year Ended December 31, 2020 $ 497 Balance Sheets Accounts receivable Inventory Accounts payable Income taxes payable At December 31 2020 2019 $107 173 157 140 22 128 53 41 Required: a. Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2020. (Enter your answer in thousands. (i.e., 20,000 should be entered as 20)) Net cash provided (used) by operating activities b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement. b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement. True False