Gain on disposal of property 1,165 Depreciation expense 11,620 Other items involving noncash expenses 1,355 Balance sheet data: Increase in accounts receivable 1,710 Decrease in inventory 980 Increase in prepaid expenses 600 Decrease in accounts payable 760 Decrease in accrued and other current liabilities 1,035 a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method for Cardinas 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. Line Item Description Cardinas Corp. Cash Flows from Operating Activities (in thousands) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: b. The company has earnings and $ Amount Amount net cash flows from operating in sales. In addition, the activities. The increase in accounts receivable indicates a(n) company is using its cash to decrease its accounts payable balance, which indicates that the company is Overall, National Beverage is doing financially. Cash flows from (used for) operating activities-indirect method Selected data (in thousands) derived from the income statement and balance sheet of Cardinas Corp. for a recent year are as follows: Income statement data: Net income $49,265 Gain on disposal of property 1,165 Depreciation expense 11,620 Other items involving noncash expenses 1,355 Balance sheet data: Increase in accounts receivable 1,710 Decrease in inventory 980 Increase in prepaid expenses 600 Decrease in accounts payable 760 Decrease in accrued and other current liabilities 1,035 a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method for Cardinas 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. Line Item Description Cardinas Corp. Cash Flows from Operating Activities (in thousands) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Amount Amount