Question: Selected data ( in thousands ) derived from the income statement and balance sheet of Cardinas Corp. for a recent year are as follows: Income

Selected data (in thousands) derived from the income statement and balance sheet of Cardinas Corp. for a recent year are as follows:
Income statement data:
Line Item Description Amount
Net income $49,260
Gain on disposal of property 1,215
Depreciation expense 11,555
Other items involving noncash expenses 1,345
Balance sheet data:
Line Item Description Amount
Increase in accounts receivable 1,780
Decrease in inventory 1,015
Increase in prepaid expenses 655
Decrease in accounts payable 690
Decrease in accrued and other current liabilities 995
a. Prepare the Cash flows from (used for) operating activities section of the statement of cash flows, using the indirect method for Cardinas Corp. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above.

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