The chief accountant for Julius Company 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 $2024$ statement of cash flows.

$2024$ Income Statement $($$ in thousands$)$

Sales revenue $ $5,420$

Depreciation expense $ $420$

Selling & administrative expense $3,8604,280$

Income before taxes $1,140$

Income tax expense $342$

Net income $ $798$

Balance Sheet $($all $ in thousands$)12/31/202412/31/2023$

Cash $ $792$ $ $746$

Accounts receivable $442361$

Property, plant & equipment $2,6001,430$

Less: Accumulated depreciation $(900)(480)$

$ $2,934$ $ $2,057$

Accrued liabilities for selling & administration expense $ $296$ $ $317$

Income taxes payable $172126$

Common stock $660660$

Retained earnings $1,806954$

$ $2,934$ $ $2,057$

Required:

Determine the cash flow from operating activities for Julius Company, using the direct method.