Pizza international, Inc., reported the following information (in thousands): Operating Activities Net Income Depreciation Increase in receivables Decrease in inventory Increase in prepaid expenses Decreane in accounts payable Increase in accrued abilities Decrease in income taxes payable Payments on notes payable Cash paid for equipment $ 270 33,330 175 653 669 8,725 724 2.731 12,696 29.07 The following summarized income statement for Pizza International, Inc. (in thousands) $144,051 45,750 98,301 56, co 33,30 Revenuen Coat of Sales Gross Profit Salary and Wages Expense Depreciation office Expenses Net Income before Income Tax Expense Income Tax Expense Net Income 325 55 270 Required: 1. Based on this information, compute cash flow from operating activities using the direct method. Assume Prepaid Expenses and Accrued Liabilities relate to office expenses 2. What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on this information, compute cash flow from operating activities using the direct method. Assume Prepaid Expenses and Accrued Liabilities relate to office expenses. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) PIZZA INTERNATIONAL, INC. Cash Flows from Operating Activities--Direct Method Cash Collected from Customers 143,876 Cash Payments to Employees (56,860) Cash Payments for Office Expenses Cash Payments for Income Tax Cash Payments to Suppliers (53,822) $ Net Cash Provided by Operating Activities 33,194 (Required Required 2 >