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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	$ 800
Gain on sale of building	11	$ 811
Expenses and loss:
Cost of goods sold	$ 300
Salaries	120
Insurance	40
Depreciation	123
Interest expense	50
Loss on sale of equipment	12	645
Income before tax		166
Income tax expense		78
Net income		$ 88

PARNELL COMPANY
Selected Accounts from Comparative
Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	Year		Change
	2024	2023
Cash	$ 134	$ 100	$ 34
Accounts receivable	324	216	108
Inventory	321	425	(104)
Prepaid insurance	66	88	(22)
Accounts payable	210	117	93
Salaries payable	102	93	9
Deferred tax liability	60	52	8
Bond discount	190	200	(10)

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 (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.