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[The following information applies to the questions displayed below.] 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	$	790
Gain on sale of building		10		$	800
Expenses and loss:
Cost of goods sold	$	295
Salaries		119
Insurance		39
Depreciation		122
Interest expense		49
Loss on sale of equipment		12			636
Income before tax					164
Income tax expense					82
Net income				$	82

PARNELL COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
	Year
		2021			2020		Change
Cash	$	133		$	101		$	32
Accounts receivable		323			217			106
Inventory		322			424			(102	)
Prepaid insurance		67			87			(20	)
Accounts payable		209			118			91
Salaries payable		104			94			10
Deferred tax liability		62			53			9
Bond discount		188			201			(13	)

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.)