Cash flows from operations indirect method The financial statements of Simon Co. include the following items (amounts in thousands): __________________________________________________________ For the Year Ended December 31, Income Statement 2017_____________ Net income .. $840 Depreciation and amortization expense .. 640

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At December 31

Balance Sheets 2017 2016 Accounts receivable $ 250 $340 Inventory 340 300 Accounts payable .. 160 180 Income taxes payable .. 100 30 __________________________________________________________________

Required: Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2023. Explain why net income is different from the net cash provided by