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

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Income statement data (in thousands): Net income $149,774 (149) Loss on disposal of property Depreciation expense Other items involving noncash expense 13,226 837 Balance sheet data (in thousands): Increase in accounts receivable 13,041 7,565 Increase in inventory Increase in prepaid expenses Increase in accounts payable and other current liabilities 10,548 17,464