Portions of the financial statements for Parnell Company are provided below. Revenues and gains: Sales PARNELL COMPANY Income Statement For the Year Ended December 31, 2024 Gain on sale of building Expenses and loss: Cost of goods sold Salaries Insurance ($ in thousands) $770 12 $ 782 $ 285 117 37 Depreciation Interest expense Loss on sale of equipment Income before tax Income tax expense Net income Cash 120 47 12 618 164 82 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands) Accounts receivable Inventory Prepaid insurance Accounts payable Salaries payable Deferred tax liability Bond discount $ 82 Year 2824 2023 Change $ 131 $ 103 321 219 $ 28 102 324 422 (98) 69 85 (16) 207 120 87 108 96 12 66 55 11 184 203 (19) Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct method. Note: Enter your answers in thousands (l.e., 10,000 should be entered as 10). Amounts to be deducted should be Indicated with a minus sign.