[The following information applies to the questions displayed below.] 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 Gain on sale of building Expenses and loss: Cost of goods sold Salaries Insurance Depreciation Interest expense Loss on sale of equipment Income before tax Income tax expense Net income $ 790 10 $ 800 $ 295 119 39 122 49 12 636 164 82 $ 82 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands) Year 2024 2023 Cash $ 133 $ 101 Change $ 32 Accounts receivable 323 217 106 Inventory 322 424 (102) Prepaid insurance 67 87 (20) Accounts payable 209 118 91 Salaries payable 104 94 10 Deferred tax liability 62 53 9 Bond discount 188 201 (13) 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. Cash Flows from Operating Activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities