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Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows (indirect method) for ATM Software Developers. All amounts are in thousands (000s). ATH SOFTWARE DEVELOPERS Statement of Cash Flows For the year ended December 31, 2021 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities: Set increase (decrease) in cash Cash at the beginning of the period $2,445 7,525 $9,970 Cash at the end of the period Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land (no gain or loss) $8,540 Issuance of common stock 12,000 Depreciation expense 5,410 Increase in accounts receivable 3,900 Decrease in accounts payable 1,705 Issuance of long-terw notes payable 16,220 Purchase of equipment 39,590 1,420 Decrease in inventory 850 Decrease in prepaid rent Payment of dividends 6,200 Net Income 11,300 2,540 Purchase of treasury stock
Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (List cash outflows and any decrease in cash as negative amounts. Enter your answers in thousands (i.e., 10,000,000 should be entered as 10,000).) ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from investing Activities Net cash flows from investing activities Cash Flows from Financing Activities $ 0