Omega Watch Company's accountants have just completed the income statement and balance sheet for the year. They have provided the following information (dollars in thousands):

INCOME STATEMENT
Sales revenue					$	20,660
Expenses
Cost of goods sold	$	9,140
Depreciation expense		3,050
Salaries expense		4,200
Rent expense		2,940
Insurance expense		950
Utilities expense		760
Interest expense on bonds		1,000
Loss on sale of investments		840				22,880
Net loss					$	(2,220	)

SELECTED BALANCE SHEET ACCOUNTS
	Prior Year				Current Year
Merchandise inventory	$	72			$	103
Accounts receivable		535				449
Accounts payable		220				252
Salaries payable		20				39
Rent payable		12				6
Prepaid rent		23				20
Prepaid insurance		14				28

Other Data:

The company issued $20,000, 10 percent bonds payable at par during the year.

A. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.

B. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

OMEGA COMPANY Cash Flows from Operating Activities Direct Method Cash flows from operating activities Cash receipts from customers