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 $ 20,640 Expenses Cost of goods sold $9,110 Depreciation expense 2,900 Salaries expense 4,150 Rent expense 2,930 Insurance expense 1,020 Utilities expense 760 Interest expense on bonda 690 Loos on sale of investments 740 22,300 Net loss $11.660) SELECTED BALANCE SHEET ACCOUNTS Current Year Merchandise inventory $ 89 Accounts receivable 454 Accounts payable 260 Salaries payable 33 Rent payable 6 Prepaid rent 20 Prepaid insurance 35 Prior Year $ 68 532 231 16 12 23 13 Other Data: The company issued $23,000, 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 0 0 $