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

PARNELL COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s)
Revenues and gains:
Sales	$	800
Gain on sale of buildings		11		$	811
Expenses and loss:
Cost of goods sold	$	300
Salaries		120
Insurance		40
Depreciation		123
Interest expense		50
Loss on sale of machinery		12			645
Income before tax					166
Income tax expense					78
Net income				$	88

PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s)
		Year
	2018			2017		Change
Cash	$	134		$	100	$34
Accounts receivable		324			216	108
Inventory		321			425	(104	)
Prepaid insurance		66			88	(22	)
Accounts payable		210			117	93
Salaries payable		102			93	9
Deferred income tax liability		60			52	8
Bond discount		190			200	(10	)

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.