Hello Tutor,

Please help with assignment, I'm not too clear on the reporting bonds and taxes.

Problem 21-84389! lawman opereling ms (areal memod am Indiecl mallow-deferred Income tax Imly end ell-Ionization nfbond mm [LDZ'l-B, 214] Forums ol Ihe Manual laments for Parnell Cal-merry ere pMded beIcm Revenues md galne: Subs $700 Gdnen saleofbullulrga 1|] 5 710 Extremes 81d baa: 7 Com ufgooda sold 850 Sllaflls HI} Immune 30 Dapraalaun Ha Intern! experne 4|] Lassen aaleolmen'llnery f: 556 Imam heir.\" In 154 Income tax expanse TT Nat haem- 5 TT than 5124 sun :14 Amounts Me 314 223 38 Imam 331 415 (84) Primald lnsuranm 65 TI [13] mm payable am 127 73 Salaries payable 122 1m 19 Delhrrnd Imclne In: lllbllty BO 82 15 Band Gm! 155 219 [27] Raqulnd: 1. Prepare Ihe mail aws hum aparallng adlvlllas m of lire lament at mail ows for Parnell Gel-"parry uslng II'II lm ntelhnd, [Em-r yur alum lawman: [La., gnu-hum bun-rad unmanuuhmmmunmmm-m- ll] EDI'III ulml'll I\" ll] [if] Required: 1. Pmpere me cash ows from operellng acdvllles sectlon of 1he statement of ash mua for Parnell Company uelng me cllrem ma'lhcd. [Enter your answers In thousands [l.e.. 5.0m: should he entered as 5]. Amounts m be deducted should be lndloered with a. minus sign.) sh meshed from customers - sh pald to employees sh pald for Insurance - sh pald for lnlereel _ sh pald for Income lens _ Net cash aws from cpsrallnp amuldes . 2. Prepere me (ash rms from operellng acdvlllee eectlon of the statement of lash rms for Parnell lL'-vr.'|mpanglI uslng [he Indirect rnelhcd. [Enler your answers In ''bousends [i.e.. emu should he entered as 5}. Ameu rm no he dedu and should be lndloaned wltl'l e minus slg h.J sh Flaws from operating Acthllties: _ Mm Acuefmem: former! eects: Depreciatlon expense Geln on sale e1 bulldlnge Geln cn sale of Machinery Changes in M aeeelsand W5: - Increase In meme-lie receivable 2. Prepare Ine cash mrre from operellng eclivlllee section of the statement :11 cash flows for Parnell company using lhe Indirect men-rod. [Enter your ensure In eeusends [i.e.. 5.DIIIIJ should be entered as 5}. Amou nlis Iio he deducrsd should be Indicated with a n'rlnue slam: Gash Flaws from Operating ActhIIIiea: Net Income Angina-Imam: for nonceah affects: Depreciation expense Gain on sale of erIldlnge Gain on sale of I'l''lil'f'f Chmgeer operarrgasesteemd'ehllbec Increase In aoceunts re-cereble Decrease In Inventor}.I Increase In aoceunts payable Increase In salaries payable Decrease In prepaid Insurance Decrease In bond discount Increase In deferred Inoon'le Ian Ilel::nllll'5r Net cash rms from operellng eculliec References eBacrk & Resources eBuok: De'lermine cash flows from opereiing ecliuiee lav re direct method BED-Bk: Delermine cash fbws from i eatirn'liea b Iha indirect me'Dd