its all one question

Portions of the financial statements for Parnell Company are provided below. 12 $ 912 PARNELL COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues and gains: Sales $ 900 Gain on sale of buildings Expenses and loss: Cost of goods sold $350 Salaries 130 Insurance Depreciation 133 Interest expense 60 Loss on sale of machinery Income before tax Income tax expense Net income $ 87 PARNELL COMPANY Selected Accounts from comparative Balance Sheets December 31, 2018 and 2017 ($ in 000) Year Cash 2018 2017 $ 154 S Accounts receivable 90 Inventory 206 Prepaid insurance 311 Accounts payable 108 Salaries payable 230 107 taferradinene Alabilir 122 83 344 Change $ 64 138 (134) (44) 445 2018 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in 00s) Year 2017 $ 154 $ Cash 90 Accounts receivable 344 206 Inventory 311 445 Prepaid insurance 108 Accounts payable 230 107 Salaries payable 122 83 Deferred income tax liability 80 62 Bond discount 180 220 Change $ 64 138 (134) (44) 123 (40) Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct method. 2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the indirect method Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 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., 5,000 should be entered as 5). 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 Cash paid for interest Cash paid for income taxes Net cash flows from operating activities