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The chief accountant for Julius Co. provides you with the company's most recent income statement and comparative balance sheets below. The accountant has asked for
The chief accountant for Julius Co. provides you with the company's most recent income statement and comparative balance sheets below. The accountant has asked for your help in preparing part of the company's 2021 statement of cash flows. $ 5,120 2021 Income Statement ($ in thousands) Sales revenue Depreciation expense Selling & administrative expense Income before taxes Income tax expense Net income 320 3,760 4,080 1,040 312 $ 728 Balance Sheet (all $ in thousands) Cash Accounts receivable Property, plant & equipment Less: Accumulated depreciation 12/31/21 $ 808 458 2,100 (880) $ 2,486 304 188 740 1,254 $ 2,486 12/31/20 $ 754 369 1,470 (560) $ 2,033 333 134 740 826 $ 2,033 Accrued liabilities for selling & administration expense Income taxes payable Common stock Retained earnings Required: Determine the dollars.) flow from operating activities for Julius Co., using the method. (Enter your answers sand of Cash flows from operating activities
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