3 60 60 points eBook Print The following statement of cash flows template is being utilized by Alliance Technologies. All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES 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 Net increase (decrease) in cash Cash at the beginning of the period $ 2,685 7,295 Cash at the end of the period References The following items are to be included in the statement of cash flows. Cash received from the sale of land Issuance of common stock Depreciation expense $ 8,560 12,850 5,420 Increase in accounts receivable 4,000 Decrease in accounts payable 1,715 Issuance of long-term notes payable 16,270 Purchase of equipment 39,640 Decrease in inventory 1,430 Decrease in prepaid rent 860 Payment of dividends 6,280 Net income 11,500 Purchase of treasury stock 2,570 Required: $ 9,980 Using the Indirect method, prepare the statement of cash flows for Alliance Technologies. (List cash outflows and any decrease In cash as negative amounts. Enter your answers in thousands (l.e., 10,000,000 should be entered as 10,000).) Cash Flows from Operating Activities ALLIANCE TECHNOLOGIES Statement of Cash Flows For the Year Ended December 31, 2021 Adjustments to reconcile net income to net cash flows from operating activities