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):

INCOME STATEMENT
Sales revenue					$	20,730
Expenses
Cost of goods sold	$	9,170
Depreciation expense		3,060
Salaries expense		4,220
Rent expense		2,870
Insurance expense		1,010
Utilities expense		770
Interest expense on bonds		1,000
Loss on sale of investments		770				22,870
Net loss					$	(2,140	)

SELECTED BALANCE SHEET ACCOUNTS
	Prior Year				Current Year
Merchandise inventory	$	67			$	97
Accounts receivable		538				446
Accounts payable		229				261
Salaries payable		16				34
Rent payable		12				6
Prepaid rent		9				6
Prepaid insurance		14				36

Other Data:

The company issued $25,000, 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 cash outflows as negative amounts. Enter your answers in thousands.)

2. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (List cash outflows as negative amounts. Enter your answers in thousands.)

OMEGA COMPANY Cash Flows from Operating Activities Direct Method Cash flows from operating activities: e2s3, r::minite; ive@iii elish:riltres. Cash payments to suppliers Cash payments for salaries Cash payments for rent Cash payments for insurance Cash payments for utilities Cash payments for bond interest 20,730 (9,170) (4,056) 7,504