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Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: 1 Income statement data

Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows:

1

Income statement data (in thousands):

2

Net earnings (loss)

$43,993.00

3

Losses on inventory write-down and fixed assets

7.00

4

Depreciation expense

10,174.00

5

Stock-based compensation expense (noncash)

290.00

6

Balance sheet data (in thousands):

7

Increase in accounts receivable

5,679.00

8

Increase in inventory

7,509.00

9

Decrease in prepaid expenses

2,239.00

10

Decrease in accounts payable and other current liabilities

1,341.00

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.
B. Interpret your results in part (a).

Amount Descriptions

Amortization of intangible assets,Decrease in accounts payable and other current liabilities,Decrease in accounts receivable,Decrease in inventory,Decrease in prepaid expenses,Depreciation, Gains on fixed assets, Increase in accounts payable and other current liabilities, Increase in accounts receivable, Increase in inventory, Increase in prepaid expenses, Losses on inventory write-down and fixed assets, Net cash flow from operating activities, Net cash flow used for operating activities, Net income, Net lossStock-based compensation expense (noncash)

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