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): $ 20,720 INCOME STATEMENT Sales revenue Expenses Cost of goods sold $ 9,150 Depreciation expense 3,000 Salaries expense 4,170 Dont Rent expense 2,830 Insurance expense 1,010 Utilities expense 870 Interest expense on bonds 450 Loss on sale of investments 740 Net loss 22, 220 $ (1,500) SELECTED BALANCE SHEET ACCOUNTS Current Year Merchandise inventory $ 86 Accounts receivable 448 Accounts payable 263 Salaries payable 35 Rent payable 10 Prepaid rent 20 Prepaid insurance 33 Prior Year $ 74 545 218 15 20 23 7 Other Data: The company issued $15,000, 6 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: 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