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

Cost $of$ goods sold $$1,800$

Gross margin

CLEAR TRANSMISSIONS COMPANY

Selected Accounts from Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

Year

Required:

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 $($i$.$e$.,5,000$ should be entered as $5).$ Cash outflows should be indicated with a minus

sign.