Prepare the cash flows from operating activities

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Reference no: EM131195093

Tyra Company's 2011 income statement and selected balance sheet data at December 31, 2010 and 2011, follow ($ thousands).

TYRA COMPANY Income Statement For Year Ended December 31,2011
Sales revenue	$412,000
Expenses
Cost of goods sold	244,000
Depreciation expense	64,000
Salaries expense	30,000
Rent expense	20,000
Insurance expense	5,200
Interest expense	4,800
Utilities expense	4,000
Net income	$ 40,000

TYRA COMPANY Selected Balance Sheet Accounts
At December 31	2011	2010
Accounts receivable	$820	$700
Inventory	272	296
Accounts payable	480	520
Salaries payable	280	220
Utilities payable	40	0
Prepaid insurance	28	36
Prepaid rent	40	60

Required:

Prepare the cash flows from operating activities section only of the company's 2011 statement of cash flows using the indirect method.

Reference no: EM131195093

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