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	$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, 2016 and 2015 ($ in 000s)
	Year
	2016	2015	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. (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.)

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.)