An employee has completed the basic format to be used in preparing the statement of cash flows (indirect method) for ABC Company. All amounts are in thousands (000s). Net income ABC Company 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 Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period $(56,600) 77,000 $ 20,400 Below, in random order, are line items to be included in the statement of cash flows. Cash received from the sale of land Issuance of common stock Depreciation expense Increase in accounts receivable Increase in accounts payable Loss on sale of land Purchase of equipment Increase in inventory Increase in prepaid rent Payment of dividends Net income Repayment of notes payable $ 2,700 235,000 17,000 57,000 11,000 6,700 217,000 27,000 11,000 37,000 67,000 47,000 Required: Prepare the statement of cash flows for ABC Company 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).) ABC Company Statement of Cash Flows For the Year Ended December 31, 2021 rast in fuan Anti Artis Required: Prepare the statement of cash flows for ABC Company 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).) ABC Company 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 $ 0 0 Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0 Cash at the beginning of the period Cash at the end of the period $ 0