Computing cash flows from operations (indirect) L.O. P2 Rapture Companys 2011 income statement and selected balance sheet data at December 31, 2010 and 2011, follow ($ thousands). RAPTURE COMPANY Income Statement For Year Ended December 31, 2011 Sales revenue $ 63,600 Expenses Cost of goods sold 19,000 Depreciation expense 4,500 Salaries expense 10,000 Rent expense 2,500 Insurance expense 1,400 Interest expense 1,800 Utilities expense 1,600 Net income $ 22,800 RAPTURE COMPANY Selected Balance Sheet Accounts At December 31 2011 2010 Accounts receivable $ 370 $ 383 Inventory 100 80 Accounts payable 123 132 Salaries payable 39 25 Utilities payable 14 11 Prepaid insurance 14 15 Prepaid rent 13 17 Required: Prepare the cash flows from operating activities section only of the companys 2011 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answer in thousands of dollars. Omit the "$" sign in your response.) RAPTURE COMPANY Cash Flows from Operating ActivitiesIndirect Method For Year Ended December 31, 2011 Cash flows from operating activities $ Adjustments to reconcile net income to net cash provided by operating activities $ Net cash operating activities $