The financial statements of Simon Co. include the following items (amounts in thousands):

Income Statement	For the Year Ended December 31, 2017
Net income	$	473
Depreciation and amortization expense		336

	At December 31
Balance Sheets	2017			2016
Accounts receivable	$	143		$	186
Inventory		163			135
Accounts payable		33			136
Income taxes payable		73			31
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)) 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 or false?