$($THERE ARE TWO PARTS$)$

Required information

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

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

PARNELL COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Selected Accounts from Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

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

minus sign.

Required information

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

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

PARNELL COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

PARNELL COMPANY

Selected Accounts from Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

Required:

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.