DEMONSTRATION CASE operating process (inderict) During an earlier year (ended April 30). National Beverage Corp. reported net income of $24,742 (all numbers in thousands of dollars). The company also reported the following activities: a. Purchased equipment for $6,658 in cash. b. Disposed of equipment for $167 in cash, its net book value on the date of sale. No gain, no less c. Purchased short-term investments for $109.450. Sold short-term investments for $112.450, their net book value on the date of sale. e. Issued stock for $950 in cash. f. Repurchased treasury stock for $305 in cash. g. Depreciation of equipment was $8,891 for the year. Its comparative balance sheets are presented below. Selling equipment NATIONAL BEVERAGE CORP. Balance Sheets" April 30 (dollars in thousands) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventories Prepaid expenses Total current assets Equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Current Year Prior Year! $ 84,140 $ 51.497 - 3,000 49,186 T Long-term asset 53,735 39,612 38,754 5.552 12.009 183,039 154.446 79.381 81,781 $262.420 $236,227 Total current liabilities Stockholders' equity: $ 48,005 $49,803 44,403 41,799 92.408 91,602 49803- 44403 -41799 -48005=17 Decrease Common stock and additional paid-in capital 9.803 9.158 2604 increase Retained earnings 160,209 135.467 Total stockholders' equity 170.012 144,625. Total liabilities and stockholders' equity $262.420 $236,227 Required: Based on this information, prepare the cash flow statement using the indirect method.