Tyra Company's 2011 income statement and selected balance sheet data at December 31, 2010 and 2011, follow ($ thousands).
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TYRA COMPANY Income Statement For Year Ended December 31,2011
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Sales revenue
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$412,000
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Expenses
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Cost of goods sold
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244,000
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Depreciation expense
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64,000
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Salaries expense
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30,000
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Rent expense
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20,000
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Insurance expense
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5,200
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Interest expense
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4,800
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Utilities expense
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4,000
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Net income
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$ 40,000
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TYRA COMPANY Selected Balance Sheet Accounts
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At December 31
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2011
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2010
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Accounts receivable
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$820
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$700
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Inventory
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272
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296
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Accounts payable
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480
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520
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Salaries payable
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280
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220
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Utilities payable
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40
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0
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Prepaid insurance
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28
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36
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Prepaid rent
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40
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60
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Required:
Prepare the cash flows from operating activities section only of the company's 2011 statement of cash flows using the indirect method.