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 buildings10$800
Expenses and loss:
Cost of items sold$295
Salaries119
Insurance39
Depreciation122
Interest expense49
Loss on revenue of machinery12636
Income prior to tax164
Income taxation expense82
Net income$82

PARNELL COMPANYSelected account from comparative Balance SheetsDecember 31, 2018 and 2017($ in 000s)
Year
20182017Change
Cash$133$101$32
Accounts receivable323217106
Inventory322424(102)
Prepaid insurance6787(20)
Accounts payable20911891
Salaries payable1049410
Deferred income tax liability62539
Bond discount188201(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.