Portions of the financial statements for Parnell Company areprovided below.

PARNELLCOMPANY Income Statement For the Year Ended December 31, 2016 ($ in 000s)

Revenues andgains:
Sales	$720
Gain on sale of buildings	11		$	731
Expenses andloss:
Cost of goods sold	$260
Salaries	112
Insurance	32
Depreciation	115
Interest expense	42
Loss on sale of machinery	10			571
Incomebefore tax				160
Income tax expense				80
Net income			$	80

PARNELLCOMPANY        Selected Accounts fromComparative Balance Sheets        December 31, 2016 and2015        ($ in 000s)
	Year
	2016	2015	Change
Cash	$126	$108	$18
Accountsreceivable	316	224	92
Inventory	329	417	(88	)
Prepaidinsurance	69	80	(11	)
Accountspayable	202	125	77
Salariespayable	118	101	17
Deferred income taxliability	76	60	16
Bond discount	180	208	(28	)

Required:

1.

Prepare the cash flows from operating activities section of thestatement of cash flows for Parnell Company using the directmethod. (Enter your answers in thousands (i.e., 5,000should be entered as 5). Amounts to be deductedshould be indicated with a minus sign.) CashFlows from Operating Activities: Net cash flows from operatingactivities 2. Prepare the cash flows from operating activities section of thestatement of cash flows for Parnell Company using the indirectmethod. (Enter your answers in thousands (i.e., 5,000should be entered as 5). Amounts to be deductedshould be indicated with a minus sign.) CashFlows from Operating Activities: Adjustments for noncash effects: Changesin operating assets and liabilities: Net cash flows from operatingactivities