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it says anwer is not. onpleted. Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in (indirect method) for

it says anwer is not. onpleted.
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Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in (indirect method) for ATM Software Developers. All amounts are in thousands (000s). ATM SOFTWARE DEVELOPERS 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 $ 3,165 6,835 $10,000 Listed below in random order are line items to be included in the statement of cash flows, Cash received from the sale of land (no gain or loss) Issuance of common stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of long-term notes payable Purchase of equipment Decrease in inventory Decrease in prepaid rent Payment of dividends Net income Purchase of treasury stock $ 8,600 12,950 5,440 4,040 1,735 16,370 39,740 1,450 888 6,320 11,900 2,590 Required: Prepare the statement of cash flows for ATM Software Developers using the Indirect method. (List cash cash as negative amounts. Enter your answers in thousands (i.e., 10,000,000 should be entered as 1 Answer is not complete. ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities IS 11,900 > Adjustments to reconcile net income to net cash flows from operating activities Depreciation expense Decrease in inventory Decrease in prepaid rent Increase in accounts receivable Decrease in accounts payable >>>> 5,440 1,450 880 (4,040) (1,735) $ EA 13,895 Net cash flows from operating activities Cash Flows from Investing Activities Cash received from sale of land Purchase of equipment 8,600 (39,740) (31,140) Net cash flows from investing activities Cash Flows from Financing Activities Issuance of long-term notes cavable 16.370

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