be Chemy The chief accountant for Julius Co provides you with the company's most recent income statement and competence sheets below. The accountant has asked for your help in preparing part of the company's 2021 statement of cashow 55,060 2021 Income Statement is in thousands) Sales revenue Depreciation expense Selling administrative expense Income before taxes Income tax expense Not income 300 2.740 4,040 1.020 305 $ 714 Balance Sheet (all sin thousands) Cash Accounts receivable Property, plant & equipment Less: Accumulated depreciation 12/31/21 12/31/20 $ 804 5 752 454 367 2,000 1.460 (840) (540) $2,418 $2,039 302 129 184 132 720 720 1,212 858 $2,418 $2,039 Acerued liabilities for selling 6 administration expense Income taxes payable Common stock Retained earnings Determine the cash flow from operating activities for Julius Co., using the direct method. (Enter your answers in thousands of Required: dollars.) Cash flows from operating activities 20 Next >