Required Information Required:

Prepare the cash flows from operating activitles section of the statement of cash flows for Parnell Company using the indirect

method.

Note: Enter your answers in thousands $($l$.$e$.,10,000$ should be entered as $10).$ Amounts to be deducted should be Indlcated with a

minus sign.

$[$The following information applles to the questions displayed below.$]$

Portions of the financial statements for Parnell Company are provided below.

Required:

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 $($l$.$e$.,10,000$ should be entered as $10).$ Amounts to be deducted should be Indlcated with a

minus sign.