Portions of the financial statements for Parnell Company areprovided below.

PARNELLCOMPANY
Income Statement
For the Year Ended December 31, 2016
($ in 000s)

Revenues andgains:
Sales	$740
Gain on sale of buildings	12		$	752
Expenses andloss:
Cost of goods sold	$270
Salaries	114
Insurance	34
Depreciation	117
Interest expense	44
Loss on sale of machinery	11			590
Incomebefore tax				162
Income tax expense				81
Net income			$	81

PARNELLCOMPANY Selected Accounts fromComparative Balance Sheets December 31, 2016 and2015 ($ in 000s)
	Year
	2016	2015	Change
Cash	$128	$106	$22
Accountsreceivable	318	222	96
Inventory	327	419	(92	)
Prepaidinsurance	67	82	(15	)
Accountspayable	204	123	81
Salariespayable	114	99	15
Deferred income taxliability	72	58	14
Bond discount	178	206	(28	)

Required:

1.

Prepare the cash flows from operating activities section of thestatement of cash flows for Parnell Company using the directmethod. (Enter your answers in thousands (i.e., 5,000should be entered as 5). Amounts to bededucted should be indicated with a minus sign.)

2.	Prepare the cash flows from operating activities section of thestatement of cash flows for Parnell Company using the indirectmethod. (Enter your answers in thousands (i.e., 5,000should be entered as 5). Amounts to bededucted should be indicated with a minus sign.)