Instructions I Amount Descriptions Statement of Lash Flows-Uperating Activities Final Question Instructions Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands) Net income $49,311.00 Gain on disposal of property 1,188.00 Depreciation expense 11,580.00 Other items involving noncash expense 1,383.00 Balance sheet data (in thousands): Increase in accounts receivable 1,746.00 Decrease in inventory 990.00 Increase in prepaid expenses 605.00 10 Decrease in accounts payable and other current liabilities 1,705.00 Required: A. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. 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. Instructions Statement of Cash Flows-Operating Activities Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co cash payments, decreases in cash and for any adjustments, if required. National Beverage Co. Cash Flows from Operating Activities (in thousands) Cash flows from operating activities: Net income $49,311.00 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense 11,580.00 Gain on disposal of property (1,188.00) Other items involving noncash expense 1,383.00 Changes in current operating assets and liabilities: Increase in accounts receivable (1,746.00) Decrease in inventory 990.00 Increase in prepaid expenses (605.00) Decrease in accounts payable and other current liabilities 12 Net cash flow from operating activities