Portions of the financial statements for Clear Transmissions Company are provided below:

CLEAR TRANSMISSIONS COMPANY

Selected Accounts from Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

Year

Requlred:

Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the

indirect method.

Note: Enter your answers In thousands $($l$.$e$.,5,000$ should be entered as $5).$ Cash outflows should be Indlcated with a minus slgn$.$Portions of the financial statements for Clear Transmissions Company are provided below:

CLEAR TRANSMISSIONS COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Sales $ $2,040$

Cost of goods sold $816$

Gross margin $1,224$

Salaries expense $ $364$

Depreciation expense $240$

Amortization expense $34$

Interest expense $88$

Loss on sale of cash equivalents $18744$

Income before taxes $480$

Income tax expense $240$

Net Income $ $240$

CLEAR TRANSMISSIONS COMPANY

Selected Accounts from Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

Year Change

$20242023$

Cash $ $129$ $ $124$ $ $5$

Accounts receivable $255268(13)$

Inventory $462474(12)$

Accounts payable $1881826$

Salaries payable $104110(6)$

Interest payable $48444$

Income tax payable $39345$

Required:

Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the indirect method.