PORTIONS OF THE FINANCIAL STATEMENTS FOR PARNELL COMPANY ARE PROVIDED BELOW.

Portions that the jae won statements because that Parnell agency are provided below. PARNELL agency Income Statement for the Year finished December 31, 2018 ($ in 000s) Revenues and gains: Sales$790 obtain on revenue of buildings 10 $800

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:
Sales	$	790
Gain on sale of buildings		10		$	800
Expenses and loss:
Cost of items sold	$	295
Salaries		119
Insurance		39
Depreciation		122
Interest expense		49
Loss on revenue of machinery		12			636
Income prior to tax					164
Income taxation expense					82
Net income				$	82

PARNELL COMPANYSelected account from comparative Balance SheetsDecember 31, 2018 and 2017($ in 000s)
	Year
		2018			2017		Change
Cash	$	133		$	101		$	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 income tax liability		62			53			9
Bond discount		188			201			(13	)

Required:

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.