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Please see attached images for information needed. 11 Omega Company's accountants have just completed the income statement and balance sheet for the year and have

Please see attached images for information needed.

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11 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]: mom!!! STATEMENT Sales revenue $ 22,600 1 Expenses points Cost of goods sold $ 10,500 Depreciation expense 2,000 Salaries expense 4,0?0 Rent expense 3,200 eBook Insurance expense 1,100 Utilities expense 350 Prlnt Interest expense on bonds 450 References Loss on sale of investments 650 22,320 Net loss $ 220) SELECTED BALANCE Sm!!! Looms Current Prior Year Year Merchandise inventory $ 150 $ 65 Accounts receivable 440 620 Accounts payable 235 212 Salaries payable 3B 23 Rent payable 4 ll] Prepaid rent 6 7 Prepaid insurance 1'! 4 Other data: The company issued $30,000, 8 percent bonds payable at par during the year. Required: 1. Prepare the cash ows from operating activities section of the statement of cash flows using the direct method. {List cash outflows Homework Chapters 11 & 12 (i Saving Help 11 Other data: The company issued $30,000, 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 points as negative amounts. Enter your answers in thousands.) OMEGA COMPANY eBook Cash Flows from Operating Activities Print Direct Method (in thousands) References Cash flows from operating activities: 011 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.) 1 points OMEGA COMPANY Cash Flows from Operating Activities eBook Indirect Method (in thousands) Print Cash flows from operating activities: References Adjustments to reconcile net loss to net cash provided by operating activities: Total adjustments 0 0

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