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	$	(51,400)
Cash at the beginning of the period		73,000
Cash at the end of the period	$	21,600

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

Cash received from the sale of land	$ 2,300
Issuance of common stock	215,000
Depreciation expense	27,000
Increase in accounts receivable	53,000
Increase in accounts payable	12,000
Loss on sale of land	6,300
Purchase of equipment	213,000
Increase in inventory	23,000
Increase in prepaid rent	12,000
Payment of dividends	33,000
Net income	63,000
Repayment of notes payable	43,000

Required:

Prepare the statement of cash flows for CPU Hardware Designers using the indirect method.