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6 Cash flows from operating activities for both the Indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s). 172

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6 Cash flows from operating activities for both the Indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s). 172 cos Cash Flows from Operating Activities Indirect method) Set income Adjustments to reconcile net Income to not canh flown fron operating activities Depreciation expense Increase in accounts receivable Decrease in Inventory Encrease in prepaid rent Decrease in accounts payable Decrease in income tax payable Set cash flows from operating activities Cash Tove tron Operating Activities (Direct method) Cash received from customers Cash paid to suppliers Cash paid for operating expenses Cash paid for income taxea et cash flows from operating activities (36) 48 (3) (13) $221 5.4.060 (2,585) 21.159 References 5221 Required: Complete the following income statement for Reverse Logic. Assume all accounts payable are to suppliers. (Enter your answers in thousands (Le.. 10,000,000 should be entered as "10,000).) REVERSE LOGIC Income Statement For the Year Ended December 11, 2021 Lenses Cost of goods sold Opawing expenses Depreciation expense meses co come

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