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

Required:

a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Corp. 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
Decrease in accounts receivable
Decrease in accrued and other current liabilities
Decrease in inventory
Decrease in prepaid expenses
Depreciation
Gain on disposal of property
Increase in accounts payable
Increase in accrued and other current liabilities
Increase in accounts receivable
Increase in inventory
Increase in prepaid expenses
Losses on disposal of property
Net cash flow from operating activities
Net cash flow used for operating activities
Net income
Net loss
Other items involving noncash expenses

CASH FLOWS FROM OPERATING ACTIVITIES:

National Beverage Co.

Cash Flows from Operating Activities (in thousands)

1	Cash flows from operating activities:
2
3	Adjustments to reconcile net loss to net cash flow from operating activities:
4
5
6
7	Changes in current operating assets and liabilities:
8
9
10
11
12
13

1 Income statement data: Net income $49,311.00 Gain on disposal of property 1,188.00 Depreciation expense 11,580.00 Other items involving noncash expenses 1,383.00 6 Balance sheet data: Increase in accounts receivable 1,746.00 Decrease in inventory 990.00 Increase in prepaid expenses 605.00 Decrease in accounts payable 710.00 Decrease in accrued and other current liabilities 995.00