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 $780 11 $ 791 $ 290 118 627 164 82 $ 82 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Year 2021 2020 Change Cash $ 132 $ 102 $ 30 Accounts receivable 322 218 Inventory 323 423 104 (100) Prepaid insurance 68 86 (18) Accounts payable 208 119 89 Salaries payable 106 95 11 Deferred tax liability 64 54 10 Bond discount 186 202 (16) Required: 1. 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 (l.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: | Net rach flows from oneration activities S 0