Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues and gains: Sales Gain on sale of building Expenses and loss: Cost of goods sold Salaries Insurance Depreciation Interest expense Loss on sale of equipment Income before tax Income tax expense Net income 583 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Year 2021 2020 Cash 1385 98 Accounts receivable 328 214 Inventory 429 319 Prepaid insurance 92 Accounts payable 214 Salaries payable Deferred tax liability Bond discount Change 48 114 (112) (28) 64 Required: 2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the Indirect 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: Adjustments for noncash effects Changes in operating assets and liabilities: Net cash flows from operating activities