Selected data derived from the income statement and balance sheet of National Beverage Co. for...

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Accounting

Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows:
Income statement data (in thousands):
Net income $148,411
Loss on disposal of property (194)
Depreciation expense 13,793
Other items involving noncash expense 848
Balance sheet data (in thousands):
Increase in accounts receivable 12,661
Increase in inventory 7,258
Increase in prepaid expenses 10,128
Increase in accounts payable and other current liabilities 16,512
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
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 thousands of dollars, as shown above.
National Beverage Co.
Cash Flows from Operating Activities
(in thousands)
Cash flows from (used for) operating activities:
Net income
$fill in the blank 3
Adjustments to reconcile net income to net
cash flows from (used for) operating activities:
Depreciation expense
fill in the blank 5
Loss on disposal of property
fill in the blank 7
Other items involving noncash expense
fill in the blank 9
Changes in current operating assets and liabilities:
Increase in accounts receivable
fill in the blank 11
Increase in inventory
fill in the blank 13
Increase in prepaid expenses
fill in the blank 15
Increase in accounts payable and other current liabilities
fill in the blank 17
Net cash flows from operating activities $fill in the blank 18

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