Cash flows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s). Complete the following income statement for Reverse Logic. Assume all accounts payable are to suppliers. (Enter your answers in thousands.) Solution Net Sales (4070+38)  -------------------------------------------------- 4108 Expenses:- --Cost of Goods Sold [(2585-11) + 50] ----2624 --Operating Expenses (1163-5) -------------1158 --Depreciation Expense   ----------------------- 62 --Income tax expense (99-9) ------------------ 90 ------------------------Total Expense --------------------------------------3934 . Net Profit ------------------------------------------------------------------- 174 .