L Hi-Tech, Inc., reports net income of $58 million. Included in that number are depreciation expense of $4.8 million and a loss on the sale of equipment of $1.2 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1.8 milion $2.0 million, and $3.8 milion, respectively. What are Hi-Tech's net cash flows from operating activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (e, $10,000,000 should be entered as 10)) TECH, INC. Statement of Cash Flows p Cash flows from operating activities Net income Adjustments to reconcile net income to net cash Bows from operating activities Depreciation expense Loss (on sale of equipment) Increase in accounts receivable increase in accounts payable Increase in inventory 12 15 (28) 38 Net cash flows from operating activities $ 40 Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows (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, 2018 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 $3,765 7,510 Cash at the end of the period $11.275 Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land $ 8,650 12.0376 Listed 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 $ 8,650 13,075 5,465 Increase in accounts receivable 4,090 Decrease in accounts payable 1,760 Issuance of long-term notes payable 16,495 Purchase of equipment 39,865 Decrease in inventory 1,475 Decrease in prepaid rent 905 Payment of dividends 6,370 Net income 12,400 Purchase of treasury stock 2,615 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (List cash outflows and any decrease in cash as negative amounts. Enter your answers in thousands (.e., 10,000,000 should be entered as "10,000) ATM SOFTWARE DEVELOPERS Check my work 112 9 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (List cash outflows and any decrease in cash as negative amounts. Enter your answers in thousands (e. 10,000,000 should be entered as "10,000) ATM SOFTWARE DEVELOPERS Statement of Cesh Flews For the Year Ended December 21, 2018 Cash Flows from Operating Activ Net income Now from operating activ Mc Graw Nel cashows thoma Cash Flows from investing Actes het cean Sows hosting vi Cas ning < Prev 99 Nest Check my work 6 112 polis Net cash flows from operating activities Cash Flows from Investing Activities $ ol Net cash flows from investing activities 0 Cash Flows from Financing Activites Net cash flows from Sanding advies Cash at the beginning of the penod Cash at the end of the period $ Check my work