The financial statements of Simon Co. include the following items (amounts in thousands): Income Statement Net income Depreciation and amortization expense For the Year Ended December 31, 2017 $418 327 At December 31 2017 2016 $148 $175 137 102 35 Balance Sheets Accounts receivable Accounts payable Income taxes payable 172 47 70 Required a. Calculate the net cash flow provided (used) by operations for Simon Co. for the year ended December 31, 2017, (Enter your answer in thousands. (i.e., 20,000 should be entered as 20)) Net cash provided (used) by operating activities b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement. True False