Natalie King 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). GPU HARDWARE DESIGNERS 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 $(54,400) 78,000 $ 23,600 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) $ 2,800 Issuance of common stock 240,000 Depreciation expense 18,000 Increase in accounts receivable 58,000 Increase in accounts payable 10,000 Loss on sale of land 6,800 Purchase of equipment 218,000 Increase in inventory 28,000 Increase in prepaid rent 10,000 Payment of dividends: 38,000 Net income 68,000 Repayment of notes payable 48,000 Required: Prepare the statement of cash flows for CHardware Designers 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)) CPU HARDWARE DESIGNERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: