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Portions of the financial statements for Parnell Company are provided below For the Year Ended December 31. 20168 ($ in 000s) Revenues and gains: Sales Gain on sale of buildings $ 890 11 $901 Expenses and loss: ok Cost of goods sold Insurance Depreciation Interest expense Loss on sale of machinery 345 129 53 132 59 13 731 170 85 $ 85 Income before tax Income tax expense Net income PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) Year 2018 2017Change S 152$91$61 135 Cash Accounts receivable Inventory Prepaid insurance 342 312 57 228 120 207 443 106 108 (131) (49) 120 36 17 61 218 Bond discount Help Sa 1. Prepare the cash flows from operating activitles section of the statement of cash flows for Parnell Company using the direct method 2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company sing the Indirect Complete this question by entering your answers in the tabs below Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct 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.) Required 2>

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