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

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

Income statement data:
Net income $49,345
Gain on disposal of property 1,160
Depreciation expense 11,535
Other items involving noncash expenses 1,365
Balance sheet data:
Increase in accounts receivable 1,695
Decrease in inventory 955
Increase in prepaid expenses 595
Decrease in accounts payable 750
Decrease in accrued and other current liabilities 950

a. Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method for National Beverage 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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