Natalie Daniels 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, 2015
Cash Flows from Operating Activities
Net income
Adjustments for noncash effects:
Changes in current assets and current liabilities:
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	$	(39,000)
Cash at the beginning of the period		85,000
Cash at the end of the period	$	46,000

CPU HARDWARE DESIGNERS Statement of Cash Flows For the year ended December 31, 2015
Cash Flows from Operating Activities
Net income
Adjustments for noncash effects:
Changes in current assets and current liabilities:
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	$	(39,000)
Cash at the beginning of the period		85,000
Cash at the end of the period	$	46,000

Below, in random order, are line items to be included in the statement of cash flows.

Cash received from the sale of land	$ 3,500
Issuance of common stock	275,000
Depreciation expense	25,000
Increase in accounts receivable	65,000
Increase in accounts payable	12,000
Loss on sale of land	7,500
Purchase of equipment	225,000
Increase in inventory	35,000
Increase in prepaid rent	12,000
Payment of dividends	45,000
Net income	75,000
Repayment of notes payable	55,000

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.)

CPU HARDWARE DESIGNERS
Statement of Cash Flows
For the Year Ended December 31, 2015
Cash Flows from Operating Activities:
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
Cash at the beginning of the period
Cash at the end of the period