Check my work 1 Problem 11-2B Classify items and prepare the statement of cash flows (LO11-1, 11-3, 11-4, 11-5) 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). 5 points eBook Print References 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 $ (39,000) 85,000 $ 46,000 Below, in random order, are line items to be included in the statement of cash flows. $ 3,500 Cash received from the sale of land (no gain or loss) Issuance of common stock 275,000 Check my work 1 Below, in random order, are line items to be included in the statement of cash flows. $ 3,500 points eBook Cash received from the sale of land (no gain or loss) 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 Print 275,000 25,000 65,000 12,000 7,500 225,000 35,000 12,000 45,000 75,000 55,000 References 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 Check my work 1 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).) 5 CPU HARDWARE DESIGNERS points Statement of Cash Flows For the Year Ended December 31, 2021 eBook Cash Flows from Operating Activities Print References Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 0 Cash Flows from Investing Activities Chapter 11 Homework i Saved Help Save & Exit Submit Check my work 1 $ 0 5 points Net cash flows from operating activities Cash Flows from Investing Activities eBook Print References Net cash flows from investing activities 0 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