Omega Company's accountants have just completed the income statement and balance sheet for the year and have provided the following information (dollars in thousands): $ 20,710 INCOME STATEMENT Sales revenue Expenses Cost of goods sold $ 9,090 Depreciation expense 2,980 Salaries expense 4,070 Rent expense 2,940 Insurance expense 940 Utilities expense 790 Interest expense on bonds 1,250 Loss on sale of investments 720 Net loss 22,780 $ (2,070 SELECTED BALANCE SHEET ACCOUNTS Current Year Merchandise inventory $ 101 Accounts receivable Accounts payable 262 262 Salaries payable 31 Rent payable 12 Prepaid rent 11 Prepaid insurance 32 442 Prior Year $ 75 549 220 226 19 24 14 12 Other Data: The company issued $25,000, 10 percent bonds payable at par during the year. Required: Other Data: The company issued $25,000, 10 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. (List cash outflows as negative amounts. Enter your answers in thousands.) OMEGA COMPANY Cash Flows from Operating Activities Direct Method (in thousands) Cash flows from operating activities: $ 0 2. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (List cash outflows and losses as negative amounts. Enter your answers in thousands.) OMEGA COMPANY Cash Flows from Operating Activities Indirect Method (in thousands) Cash flows from operating activities: Adjustments to reconcile net loss to net cash provided by operating activities: Total adjustments 0 $ 0