Check A company reports net income of $154,000. Included in net income is a gain on the sale of land of $14,500. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $24,000, an increase in inventory of $14,500, and a decrease in accounts payable of $44.000. points Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) eBook References Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to not cash flows from operating activities: Net cash flows from operating activities Check my w Natalie King has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CPU Hardware Designers. All amounts are in thousands (000s). CPU HARDWARE DESIGNERS 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 Cash at the end of the period ces $(36,800) 86,000 $ 49,200 Bew, 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 $ 3,600 280.000 26,000 66,000 10.989 7.600 226,000 36,000 10.000 46,600 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 Repaynent of notes payable $ 3,600 280,000 26,000 66,000 10,000 7.600 226,000 36,000 10,000 46,000 76,000 T 56,000 Required: Prepare the statement of cash flows for CPU Hardware Designers 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).) CPU HARDWARE DESIGNERS 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: Netrash fire from nortinn artivitie For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: ints eBook References 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 Cash at the beginning of the period Cash at the end of the period