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836 Cash flows from operating activities Selected data derived from the income statement and balance sheet of National leverage Co. for a recent year are as follows: Income statement data (in thousands): Net income $147,034 Loss on disposal of property (131) Depreciation expense 13,494 Other items involving noncash expense Balance sheet data (in thousands) Increase in accounts receivable 12,289 Increase in inventory 6,695 Increase in prepaid expenses 9.730 Increase in accounts payable and other current liabilities 17,219 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 Open spreadsheet 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 Cash Flows from Operating Activities (in thousands) Cash flows from (used for) operating activities Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: fet cash flows from operating activities b. The company has receivable indicates an which indicates that the company is earnings and net cash flow from operating activities. The increase in accounts in sales. In addition, the company is using its cash to decrease its accounts payable balance, Overall, National Beverage is doing financially