Required information [The following information applies to the questions displayed below.] Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ( $ in thousands) 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 a minus sign