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 162 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable 50 (26) Decrease in inventory 38 prepaid rent ayable Decrease in income tax pavable Increase (1 (9) Net cash flows from operating activities $194 Cash Flows from Operating Activities (Direct method) Cash received from customers 4,010 (2,580) (1,149) Cash paid to suppliers Cash paid for operating expenses Cash paid for income taxes Net cash flows from operating activities (87) $194 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, 2021 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense 50 Income tax expense Total expenses $ 162 Net income