Cash flows from operating activities for both the Indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s). $ 166 Cash Flows fron Operating Activities (Indirect nethod) Net income Adjustments to reconcile net income to net cash flows fron operating activities: Depreciation expense Increase in accounts receivable Decrease in inventory Increase in prepaid rent Decrease in accounts payable Decrease in income tax payable Net cash flows from operating activities Cash Flows fron Operating Activities (Direct method) Cash received from customers Cash paid to suppliers Cash paid for operating expenses Cash paid for income taxes Net cash flows fron operating activities 54 (30) 42 (3) (10) (7) 5204 $ 4,030 (2,584 (1,153) . 5204 Required: Complete the following income statement for Reverse Logic Assume all accounts payable are to suppliers. (Enter your answers in thousands (l.e., 10,000,000 should be entered as "10,000).) 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 54 Income tax expense Total expenses $ Net income 166