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Portions of the financial statements for Clear Transmissions Company are provided below: CLEAR...

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Accounting

Portions of the financial statements for Clear Transmissions Company are provided below:
CLEAR TRANSMISSIONS COMPANY
Income Statement
For the Year Ended December 31,2024
( $ in thousands)
Sales
Cost of goods sold $1,800
Gross margin
CLEAR TRANSMISSIONS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31,2024 and 2023
($ in thousands)
Year
Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the
indirect method.
Note: Enter your answers in thousands (i.e.,5,000 should be entered as 5). Cash outflows should be indicated with a minus
sign.
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