Required information [The following information applles to the questions displayed below.] Portions of the financial statements for Parnell Company are provided below. Net income 579 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 ninus sign. Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amoun 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. Metrun. Required information \begin{tabular}{|l|l|} \hline Cash Flows from Operating Activities: & \\ \hline & \\ \hline Adjustments for noncash effects: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}