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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
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).
5:43 CPU 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 $(49,600) 72,000 $ 22,400 Cash received from the sale of land Issuance of common stock Depreciation expense Increase in accounts receivable Increase in accounts payable Loss on sale of land Purchase of equipment Increase in inventory Increase in prepaid rent Payment of dividends Net income Repayment of notes payable $ 2,200 210,000 30,000 52,000 10,000 6,200 212,000 22,000 10,000 32,000 62,000 42,000 $ 80,000 5:36 CPU 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: Depreciation expense Increase in inventory Increase in prepaid rent Increase in accounts receivable Increase in accounts payable Loss on sale of land ces $ 80,000 Net cash flows from operating activities Cash Flows from Investing Activities Cash received from sale of land Purchase of equipment 0 Net cash flows from investing activities Cash Flows from Financing Activities Repayment of notes payable 3:35:21 0 bok int Net cash flows from investing activities Cash Flows from Financing Activities Repayment of notes payable Payment of dividends Issuance of common stock ences Net cash flows from financing activities Net decrease in cash Cash at the beginning of the period Cash at the end of the period $ 0 Below, in random order, are line items to be included in the statement of cash flows.
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 (i.e., 10,000,000 should be entered as "10,000).)
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