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Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Pamell Company using the direct method. Note: Enter your answers in thousands (i,e, 10,000 should be entered as 10). Amounts to be deducted should be indicated with 0 minus sign. Required: 2. Prepare the cash flows from operating actlvities section of the statement of cash flows for Parnell Company using the indira method Note: Enter your onswers in thousands (1.e., 10,000 should be entered as 10). Amounts to be deducted should be inclicoted with a minus sign. Required information [The following information applles to the questions displayed below] Portions of the financial statements for Parnell Company are provided below. \begin{tabular}{|c|c|c|c|c|} \hline selected Ac & \begin{tabular}{c} PARWELL COMPAVY \\ Accounts from Comparative \\ December 31,2024 and \\ ( $ in thousands) \end{tabular} & \begin{tabular}{l} Ealance \\ 2023 \end{tabular} & eets & \\ \hline & & 2024 & 2023 & Changet: \\ \hline Cash & s. & $136 & $99 & $37 \\ \hline Accounts receivable & & 326 & 215 & 111 \\ \hline Inventory & & 320 & 427 & (107) \\ \hline Prepaid insurance & & 65 & 90 & (25) \\ \hline Accounts payable. & & 212 & 116 & 96 \\ \hline Salaries payable & & 104 & 92 & 12 \\ \hline Deferred tax Hability & & 62 & 53 & 9 \\ \hline Bood discount & & 189 & 202 & (13) \\ \hline \end{tabular}

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