Selected data derived from the income statement and balance sheet of Jones Soda Co. for a recent year are as follows:
Income statement data (in thousands):
Net earnings ....................$(10,547)
Losses on inventory write-down and fixed assets ......2,248
Depreciation expense ..................811
Stock based compensation expense (noncash) .........727
Balance sheet data (in thousands):
Decrease in accounts receivable ...............364
Decrease in inventory ...................210
Decrease in prepaid expenses ................206
Decrease in accounts payable ...............(165)
Decrease in accrued liabilities ..............(1,117)
a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method for Jones Soda Co. for the year.
b. Interpret your results in part (a).