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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: Income statement data (in

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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: Income statement data (in thousands): Net Income $139,084 (158) 13,877 Loss on disposal of property Depreciation expense Other items involving noncash expense Balance sheet data (in thousands): Increase in accounts receivable 786 13.990 Increase in inventory 7,279 Increase in prepaid expenses 9,408 Increase in accounts payable and other current liabilities 16.238 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below X HHHT Open spadsheet a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of a lows, using the indirect method for National Beverage Co. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above National Beverage Co. Cash Flows from Operating Activities (in thousands) Cash flows from used for) operating activities Net Income 139,084 a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above. National Beverage Co. Cash Flows from Operating Activities (in thousands) Cash flows from used for) operating activities: Net Income 139,084 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Decrease in accounts payable and other current liabilities X 158 X 13,877 X 786 Other items involving noncash expryse Changes in current operating assets and liabilities: 13,990 X 9,40BX 16,238 X 382 X Net cash flows from operating activities 139,466

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