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	$760
Gain on sale of buildings	10		$	770
Expenses and loss:
Cost of goods sold	$280
Salaries	116
Insurance	36
Depreciation	119
Interest expense	46
Loss on sale of machinery	13			610
Income before tax				160
Income tax expense				80
Net income			$	80

PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
	Year
	2016	2015	Change
Cash	$130	$104	$26
Accounts receivable	320	220	100
Inventory	325	421	(96	)
Prepaid insurance	70	84	(14	)
Accounts payable	206	121	85
Salaries payable	110	97	13
Deferred income tax liability	68	56	12
Bond discount	182	204	(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.)

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., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)