Portions of the financial statements for Parnell Company are provided below.

PARNELL COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues and gains:
Sales	$ 870
Gain on sale of building	12	$ 882
Expenses and loss:
Cost of goods sold	$ 335
Salaries	127
Insurance	47
Depreciation	130
Interest expense	57
Loss on sale of equipment	12	708
Income before tax		174
Income tax expense		87
Net income		$ 87

PARNELL COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	Year		Change
	2024	2023
Cash	$ 148	$ 93	$ 55
Accounts receivable	338	209	129
Inventory	314	439	(125)
Prepaid insurance	59	102	(43)
Accounts payable	224	110	114
Salaries payable	116	86	30
Deferred tax liability	74	59	15
Bond discount	183	214	(31)

Required:

1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell 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 a minus sign.