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	$840
Gain on sale of buildings	12		$	852
Expenses and loss:
Cost of goods sold	$320
Salaries	124
Insurance	44
Depreciation	127
Interest expense	54
Loss on sale of machinery	11			680
Income before tax				172
Income tax expense				86
Net income			$	86

PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
	Year
	2016	2015	Change
Cash	$142	$96	$46
Accounts receivable	332	212	120
Inventory	317	433	(116	)
Prepaid insurance	62	96	(34	)
Accounts payable	218	113	105
Salaries payable	110	89	21
Deferred income tax liability	68	56	12
Bond discount	186	208	(22	)

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.)

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.)