Check my work 4 Portions of the financial statements for Clear Transmissions Company are provided below. 7 points Skippe

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Check My Work 4 Portions Of The Financial Statements For Clear Transmissions Company Are Provided Below 7 Points Skippe 1 (62.86 KiB) Viewed 60 times

Check my work 4 Portions of the financial statements for Clear Transmissions Company are provided below. 7 points Skipped CLEAR TRANSMISSIONS COMPANY Income statement For the Year Ended December 31, 2021 ($ in thousands) Sales $1,680 Cost of goods sold 672 Gross margin 1,008 Salaries expense $292 Depreciation expense 210 Amortisation expense 22 Interest expense 64 Loss on sale of cash equivalents 12 600 Income before taxes 408 Income tax expense 201 Net Income $ 204 cBook Print References CLEAR TRANSMISSTONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in 0008] Year 2021 2020 Change Cash $120 $112 $ 8 Accounts receivable 232 250 (18) Inventory 462 116) Accounts payable 170 158 12 Salaries payable 26 98 (12) Interest payable 43 32 11 Income tax payable 33 22 11 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the indirect method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)