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): $ 20,630 INCOME STATEMENT Sales revenue Expenses Cost of goods sold $ 9,170 Depreciation expense 3,010 Salaries expense 4,140 Rent expense 2,980 Insurance expense 1,080 Utilities expense 850 Interest expense on bonds 640 Loss on sale of investments 820 Net loss 22,690 $(2,060) nces SELECTED BALANCE SHEET ACCOUNTS Current Year Merchandise Inventory $92 Accounts receivable 446 Accounts payable 251 Salaries payable 38 Rent payable 4 Prepaid rent 9 Prepaid insurance 27 Prior Year $ 74 540 218 21 8 12 6 Other Data: The company issued $16.000,8 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.) OMEGA COMPANY Cash Flows from Operating Activities Direct Method (in thousands) Cash flows from operating activities Cash receipts from customers Cash payments to suppliers Cash payments for salanes Cash payments for rent Cash payments for insurance Cash payments for its t 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.) nces OMEGA COMPANY Cash Flows from Operating Activities Indirect Method (in thousands) Cash flows from operating activities Adjustments to reconcile not loss to net cash provided by operating activities Total adjustments