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

Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2016 in 000s) $1,320 Sales Cost of goods sold 500 Gross margin 820 $220 Salaries expense Depreciation expense 180 Patent amortization expense 10 Interest expense 40 Loss on sale of cash equivalents 456 Income before taxes 364 Income tax expense 182 Net Income 182 CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 in 000s) Year 2016 2015 Change Cash $102 $100 2 Accounts receivable 220 232 (12) Inventory 440 450 (10) Accounts payable Salaries payable Interest payable 140 134 80 86 (6) 25 20 Income taxes payable 15 10 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 (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)