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Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2021 (5

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Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2021 (5 in thousands) Sales $2,220 Cost of goods sold 888 Gross margin 1,332 Salaries expense 5400 Depreciation expense 255 Amortization expense 40 Interest expense 100 Loss on sale of cash equivalents 21 816 Income before taxes Income tax expense 258 Net Income $ 258 515 CLEAR TRANSMISSIONS COMPANY Selected Accounts fros Comparative Balance Sheets December 11, 2001 and 2020 (5 in thousands) Year 2021 2020 Change Cash 313 $130 Accounts receivable S8 261 277 Inventory (16) 465 40 Accounts payable (15) 203 194 Salaries ayante 107 Interest payable (9) 52 50 7 Income tax payable 4 40 115 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the direct method (Enter your answers in thousands (l... 5,000 should be entered os 5). Amounts to be deducted should be indicated with a minus sign) Cash Flowstom Operating Actes Casserom salcasts Cashpad for comes 2.23 (094 400 250

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