Required information (The following information applies to the questions displayed below] Portions of the financial statements for Parneli Company are provided below Required: 1. Prepare the casin flows from operating activities section of the statement of cash ffows 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 o minus sian. 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. 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 o minus sign