Trom b Briefly explain why Curwen's net income operating activities. OB), 2 EX 13-16 Cash flows from operating activities-indirect method 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 earnings (loss) $43,993 Losses on inventory write down and fixed assets 7 Depreciation expense 10,174 Stock-based compensation expense (noncash) 290 Balance sheet data (in thousands): Increase in accounts receivable 5,679 Increase in inventory 7,509 Decrease in prepaid expenses 2,239 Decrease in accounts payable and other current liabilities 1,341 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. b. Interpret your results in part (a). PI 1 5 a. NATIONAL BEVERAGE CO. 6 Cash Flows from Operating Activities (in thousands) 58 19 Cash Rows from operating activities 20 Net income 21 Adjustments to reconcile net income to net cash 22 flow from operating activities 23 Depreciation 24 Stock-based compensation expense (noncash) 25 Losses on inventory write down and fixed assets 26 Changes in current operating assets and liabilities: 27 Increase in accounts receivable 28 Increase in inventory 29 Decrease in prepaid expenses 30 Decrease in accounts payable and other current liabilities 31 Net cash flow from operating activities 32 33 gni 34 b. Key essay answer here] part 36 37 nmd 38 39 40 41 Ja a 35 cumd Ex. 14(13)-16 pov Ready extra