Required Information The following information applies to the questions displayed below) Portions of the financial statements for Parnell Company are provided below. Be PARNELL COMPANY Income Statement For the Year Ended December 11, 2021 ($ in thousands Revenues and gains: Sales $ sse Gain on sale of building re Expenses and loss Cost of goods sold $325 Salaries 125 45 Depreciation 128 Interest expense 155 Loss on sale of equipment 12 Income before tax Income tax expense Not incomo Insurance 690 178 89 35 PARNELL COMPANY Selected Accounts from comparative Balance Sheets December 31, 2021 and 2020 (s in thousands ) Year 2021 2020 Cash $ 144 $ 95 Accounts receivable 234 211 Inventory 316 435 Prepaid insurance 91 98 Accounts payable 2222 112 Salaries payable 112 88 Deferred tax liability 7e 57 Bond discount 185 210 Change 5 5 49 123 (1199 (37) 188 24 13 (25) Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Pornell Company using the direct method (Enter your answers in thousands (Le., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus slgn.) Cash Flows frotn Operating Activities. Net sti filows from operating activities S