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Hello everyone, can someone help me with required 1&2. Thanks P 21-8 Portions of the financial statements for Parnell Company are provided below Cash flows

Hello everyone, can someone help me with required 1&2.
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P 21-8 Portions of the financial statements for Parnell Company are provided below Cash flows from operating activities (direct method and indirect method) deferred income tax Revenues and gains liability and amortization of bond Gain on sale of buildings discount PARNELL COMPANY Income Statement For the Year Ended December 31, 2016 (S in 000s] S800 $811 5$11 penses and loss: Cost of goods sold $300 120 LO21-3, Lo21-4 Salaries Insurance Depreciation Interest expense Loss on sale of ma 123 50 12 645 166 78 S 88 Income before tax Income tax expense Net income PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 S in 000s) 2016 $134 324 321 2015 $100 216 425 S 34 Accounts receivable Inventory Prepaid insurance (104) (22) 210 111. Salaries payable Deferred income tax liability Bond discount 60 190 200 (10) Page 1311 Required Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct method Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the indirect method 1. 2. Portions of the financial statements for Hawkeye Company are provided below. P 21-9 Cash flows from operating activities (direct method and

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