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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	$ 830
Gain on sale of building	11	$ 841
Expenses and loss:
Cost of goods sold	$ 315
Salaries	123
Insurance	43
Depreciation	126
Interest expense	53
Loss on sale of equipment	13	673
Income before tax		168
Income tax expense		84
Net income		$ 84

PARNELL COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	Year		Change
	2024	2023
Cash	$ 140	$ 97	$ 43
Accounts receivable	330	213	117
Inventory	318	431	(113)
Prepaid insurance	63	94	(31)
Accounts payable	216	114	102
Salaries payable	108	90	18
Deferred tax liability	66	55	11
Bond discount	187	206	(19)

Required:

1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct 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.