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 Depreciation expense Salaries expense + Rent expense Insurance expense Utilities expense Interest expense on bonds Loss on sale of investments Net loss $9,060 2,960 4,080 2,990 1,080 770 920 840 22,700 $ (1.990) SELECTED BALANCE SHEET ACCOUNTS Current Year Merchandise inventory $ 102 Accounts receivable 449 Accounts payable 257 Salaries payable 38 Rent payable 7 Prepaid rent 7 Prepaid Insurance 22 Prior Year $67 543 217 14 14 10 12 Other Data The company issued $23,000,8 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. (List cosh 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