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1 Income statement data: 2Net income 3Gain on disposal of property 4Depreciation expense 5 Other items involving noncash expenses 6 Balance sheet data: 7 Increase
1 Income statement data: 2Net income 3Gain on disposal of property 4Depreciation expense 5 Other items involving noncash expenses 6 Balance sheet data: 7 Increase in accounts receivable $49,311.00 1,188.00 11,580.00 1,383.00 Decrease in inventory 9 Increase in prepaid expenses 0 Decrease in accounts payable 11 Decrease in accrued and other current liabilities 1,746.00 990.00 605.00 710.00 995.00 Required a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Corp. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. b. Interpret your results in part (a)
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