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

1	Income statement data (in thousands):
2	Net income	$49,311.00
3	Gain on disposal of property	1,188.00
4	Depreciation expense	11,580.00
5	Other items involving noncash expense	1,383.00
6	Balance sheet data (in thousands):
7	Increase in accounts receivable	1,746.00
8	Decrease in inventory	990.00
9	Increase in prepaid expenses	605.00
10	Decrease in accounts payable and other current liabilities	1,705.00

Required:

A.

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.

B.

Interpret your results in part (a).

Amount Descriptions

Amortization of intangible assets

Decrease in accounts payable and other current liabilities

Decrease in accounts receivable

Decrease in inventory

Depreciation expense

Gain on disposal of property

Gains on fixed assets

Increase in accounts payable and other current liabilities

Increase in accounts receivable

Increase in prepaid expenses

Net cash flow from operating activities

Net cash flow used for operating activities

Net income

Other items involving noncash expense

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.

National Beverage Co.

Cash Flows from Operating Activities (in thousands)

1	Cash flows from operating activities:
2
3	Adjustments to reconcile Net income to net cash flow from operating activities:
4
5
6
7	Changes in current operating assets and liabilities:
8
9
10
11
12