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

PARNELL COMPANY Income Statement For the Year Ended December 31, 2016 ($ in 000s)

Revenues and gains:
Sales	$890
Gain on sale of buildings	11		$	901
Expenses and loss:
Cost of goods sold	$345
Salaries	129
Insurance	53
Depreciation	132
Interest expense	59
Loss on sale of machinery	13			731
Income before tax				170
Income tax expense				85
Net income			$	85

PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
	Year
	2016	2015	Change
Cash	$152	$91	$61
Accounts receivable	342	207	135
Inventory	312	443	(131	)
Prepaid insurance	57	106	(49	)
Accounts payable	228	108	120
Salaries payable	120	84	36
Deferred income tax liability	78	61	17
Bond discount	181	218	(37	)

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 (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

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., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)