Unit 8 AS: Exercises and Problems (Connect) 7 6 points eBook Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Incone Statement For the Year Ended December 31, 2021 (5 in Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense thousands) $1,500 600 900 $256 195 16 52 Loss on sale of cash equivalente 9 528 Print 372 186 Net Income References $106 Interest expense Incone before taxes Income tax expense CLEAR TRANSMISSIONS COMPANY selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Year 2021 2020 Change Cash $111 $106 Accounts receivable 226 241 (15) Inventory 4431 456 (13) Accounts payable 155 146 Salaries payable 83 92 (9) Interest payable 34 26 Income tax payable 24 16 Saved Required: Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the direct method. (Enter your answers in thousands (l.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Net cash flows from operating activities