Selected data derived from the income statement and balance sheet of Jones Soda Co. for a recent

Question:

Selected data derived from the income statement and of Jones Soda Co. for a recent year are as follows:
Income statement data (in thousands):
Net earnings .............. $1,330
Depreciation expense ........... 193
Stock-based compensation expense (noncash) .. 20

Balance sheet data (in thousands):
Increase in ...... $1,328
Increase in inventory ........... 1,550
Increase in prepaid expenses ........ 124
Increase in ........ 686

a. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method for Jones Soda Co. for the year.
b. Interpret your results in part (a).

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