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

PARNELL COMPANY
Income Statement
For the Year Ended December 31, 2021
($ in thousands)
Revenues and gains:
Sales	$	750
Gain on sale of building		11		$	761
Expenses and loss:
Cost of goods sold	$	275
Salaries		115
Insurance		35
Depreciation		118
Interest expense		45
Loss on sale of equipment		13			601
Income before tax					160
Income tax expense					80
Net income				$	80

PARNELL COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
	Year
		2021			2020		Change
Cash	$	129		$	105		$	24
Accounts receivable		319			221			98
Inventory		326			420			(94	)
Prepaid insurance		71			83			(12	)
Accounts payable		205			122			83
Salaries payable		112			98			14
Deferred tax liability		70			57			13
Bond discount		180			205			(25	)

Required: 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.)