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Omega Company's accountants have just completed the income statement and balance sheet for the year and have provided the foliowing information (dollars in thousands): Other

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Omega Company's accountants have just completed the income statement and balance sheet for the year and have provided the foliowing information (dollars in thousands): Other Data: The company issued $20,000,8 percent bonds payable at par during the year. Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. 2. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. 1. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method: 2. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. Note: List cash outflows as negative amounts, Enter your answers in thousands. Omega Company's accountants have just completed the income statement and balance sheet for the year and have provided the foliowing information (dollars in thousands): Other Data: The company issued $20,000,8 percent bonds payable at par during the year. Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. 2. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. 1. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method: 2. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. Note: List cash outflows as negative amounts, Enter your answers in thousands

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