The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Line Item Description December 31, 20Y9 December 31, 20Y8 Assets

Statement of Cash Flows—Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:   Dec. 31, 20Y2 Dec. 31, 20Y1 Assets     Cash $183    $14    Accounts receivable (net) 55    49    Inventories 117    99    Land 250    330    Equipment 205    175    Accumulated depreciation—equipment (68)   (42)     Total assets $742    $625    Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $51    $37    Dividends payable 5    -    Common stock, $1 par 125    80    Paid-in capital in excess of par—common stock 85    70    Retained earnings 476    438      Total liabilities and stockholders' equity $742    $625    The following additional information is taken from the records: Land was sold for $120. Equipment was acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $62 credit to Retained Earnings…

Cash Flows from Operating Activities—Indirect Method 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 $149,774 Loss on disposal of property (149) Depreciation expense 13,226 Other items involving noncash expense 837 Balance sheet data (in thousands):   Increase in accounts receivable 13,041 Increase in inventory 7,565 Increase in prepaid expenses 10,548 Increase in accounts payable and other current liabilities 17,464 Question Content Area a.  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)…

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