Portions the the financial statements for Parnell agency are detailed below.
|PARNELL COMPANYIncome StatementFor the Year ended December 31, 2018($ in 000s)|
|Revenues and also gains:|
|Gain on sale of buildings||10||$||800|
|Expenses and loss:|
|Cost of items sold||$||295|
|Loss on revenue of machinery||12||636|
|Income prior to tax||164|
|Income taxation expense||82|
|PARNELL COMPANYSelected account from comparative Balance SheetsDecember 31, 2018 and 2017($ in 000s)|
|Deferred income tax liability||62||53||9|
1.Prepare the cash flows from operating activities section that the declare of cash flows for Parnell agency using the straight method.2.Prepare the cash operation from operating tasks section the the statement of cash flows for Parnell firm using the indirect method.