Ch: Statement of Cash Flows

Use the financial statements for National Beverage Corp. to prepare the statement of cash flows using Indirect Method for the year ended Dec 29, 2019. Here are the 2019 and 2018 balance sheets for National Beverage.

Balance Sheet at 31 Dec 2019
Item	2019	2018
Cash	70000	66250
Account receivable	18350	24350
Inventories	26300	19360
Property, plant, and equipment	219600	149860
accumulated depreciation	-64250	-39600
Total assets	270000	220220
Account payable	11100	20200
Accrued expenses (salary)	4550	5490
Long-term debt	64800	75200
Capital stock ($100 par value)	104250	66080
Retained earnings	85300	53250
Total liabilities and stockholders' equity	270000	220220
Income statement at 31 Dec 2019	2019
Item	Amount
Sales revenue	270300
Cost of goods sold	-105300
Depreciation and amortization expense	-24650
other expenses	-44650
Net Income	95700