Cash flows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s) Cash Flows from Operating Activities (Indirect method) Net income S 167 Adjustments to reconcile net income to net cash flows from operating activities. Depreciation expense Increase in accounts receivable Decrease in inventory Increase in prepaid rent Decrease in accounts payable Decrease in income tax payable (31) 43 (19) Net cash flows from operating activities $203 Cash Flows from Operating Activities (Direct method) Cash received from customers Cash paid to suppliers Cash paid for operating expenses Cash paid for income $ 4,035 (2,586) (1,155) (91) Net cash flows from operating activities 203 Required: Complete the following income statement for Reverse Logic Assume all accounts payable are to suppliers (Enter your answers in thousands (i.e., 10,000,000 should be entered as "10,000).) REVERSE LOGIC Income Statement For the Year Ended December 31, 2018 Net sales 203 Expenses (3,985) (1,151) Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses 5.254 Net income 167