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Omega Company's accountants just filled out the year's income statement and balance sheet and provided the following information (in thousands of dollars): INCOME STATEMENT sales


Omega Company's accountants just filled out the year's income statement and balance sheet and provided the following information (in thousands of dollars):

INCOME STATEMENT
sales revenue



$20.690
Expenses






cost of goods sold$9.110




depreciation expense
2.960




Salary expenses
4.090




Rent
2.830




insurance cost
940




Utilities expense
890




Bond interest expense
510




Loss from the sale of investments
800


22.130
net loss



$(1.440)



SELECTED BALANCE SHEET ACCOUNTS

Previous year
current year
goods inventory$73

$87
Accounts receivable
538


445
Accounts payable
228


245
Salaries to be paid
17


32
rent to be paid
14


7
prepaid rental
11


8
prepaid insurance
10


28



Other data:

The company issued $17,000 bonds during the year, 6% payable at par.


Necessary:

1. Prepare cash flows from operating activities of the cash flow statement using the direct method. (List cash outs as negative amounts. Enter your answers in thousands.)

2. Prepare the cash flow statement of operating cash flows using the indirect method. (List cash outs as negative amounts. Enter your answers in thousands.)

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