Selected data derived from the income statement and balance sheetof Jones Soda C

Question

Selected data derived from the income statement and balance sheetof Jones Soda Co. for a recent year are as follows:

Income statement data (in thousands):
Netearnings                                           $1,330
Depreciationexpense                               $ 193
Stock-based compensation exp. (noncash) $    20

Balance sheet data (in thousands):
Increase in accountsreceivable                $1,328
Increase ininventory                               $1,550
Increase in prepaidexpenses                    $   124
Increase in accountspayable                    $   686

(a) Prepare the cash flows from operating activitiessection of the statement of cash flows using the indirect methodfor Jones Soda Co. for the year.

Explanation / Answer

Jones Soda Co.
Cash Flows from Operating Activities
(in thousands)

      Cash flows from operatingactivities:

        Changes in current operating assets andliabilities:

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