Following are the line items included in the 2009 statement of cash flows prepared by The Nine Muses, Inc. (amounts are in thousands): Proceeds from sale of long-term investment $14,077 Depreciation expenses 8,275 Increase in accounts receivable 2,396 Increase in accounts payable 6,590 Purchase of long-term investment 29,939 Net income 22,214 Increased in accrued salaries 4,072 Proceeds from sale of property and equipment 2,468 Increase in inventories 7,320 Issuance of long-term notes 126 Reduction of long-term debt 572 Gain on disposal of long-term assets 415 Issuance of common stock 10,000 Cash and cash equivalent, beginning of the year 21,750 Increase in income taxes payable 5,608 Acquisition of property and equipment 31,083 Net increase (decrease) in cash and cash equivalents ?????? Cash and cash equivalents, end of year ??????? Required: Prepare The Nine Muses statement of cash flows using the indirect method. Following are the line items included in the 2009 statement of cash flows prepared by The Nine Muses, Inc. (amounts are in thousands): Proceeds from sale of long-term investment $14,077 Depreciation expenses 8,275 Increase in accounts receivable 2,396 Increase in accounts payable 6,590 Purchase of long-term investment 29,939 Net income 22,214 Increased in accrued salaries 4,072 Proceeds from sale of property and equipment 2,468 Increase in inventories 7,320 Issuance of long-term notes 126 Reduction of long-term debt 572 Gain on disposal of long-term assets 415 Issuance of common stock 10,000 Cash and cash equivalent, beginning of the year 21,750 Increase in income taxes payable 5,608 Acquisition of property and equipment 31,083 Net increase (decrease) in cash and cash equivalents ?????? Cash and cash equivalents, end of year ??????? Required: Prepare The Nine Muses statement of cash flows using the indirect method