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Required information [The following information applies to the questions displayed below.] Portions of the financial statements for Parnell Company are provided below. 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 o 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