0 Required information [7' he following information applies to the questions displayed below. ] Portions of the nancial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues and gains: Sales $760 Gain on sale of building 10 $770 Expenses and loss: Cost of goods sold $280 Salaries 116 Insurance 36 Depreciation 119 Interest expense 46 Loss on sale of equipment 13 610 Income before tax 160 Income tax expense 80 Net income 80 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Year 2021 2020 Change Cash $ 130 $ 104 $ 26 Accounts receivable 320 220 100 Inventory 325 421 (96) Prepaid insurance 70 84 (14) Accounts payable 206 121 85 Salaries payable 110 97 13 Deferred tax liability 68 56 12 Bond discount 182 204 (22) Requhed: 1. 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., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for insurance Accounts payable Accounts payable Accounts receivable Net cash flows from operating activities $ 0