Financial and Managerial Accounting: E14-16 Selected data derived from the income (Jones Soda)

Financial and Managerial Accounting 
E14-16 
Selected data derived from the income statement and balance sheet of Jones Soda Co. for recent year are as follows: 
Income statement data (in thousands) 
Net earnings 4,574 
Depreciation expense 256 
Stock based compensation expense (noncash) 1,196 

Balance Sheet data (in thousands) 
Increase in accounts receivable 3,214 
Increase in inventory 1,089 
Increase in prepaid expenses 566 
Increase in accounts payable 1,891 

Instructions: 
a. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method for Jones Soda co. for the year. 
b. Interpret your results in part (a).
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