Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended December 31, 2024 ($ 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 $770 12 $782 $285 117 37 120 47 12 618 164 82 $ 82 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands) Cash Accounts receivable Inventory Prepaid insurance Accounts payable Salaries payable Deferred tax liability Bond discount Year 2024 $ 131 2023 Change $ 103 $ 28 321 219 102 324 422 (98) 69 85 (16) 207 120 87 108 96 12 66 55 11 184 203 (19) Required: 2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the Indirect method. Note: Enter your answers in thousands (ie., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.