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).

CPU HARDWARE DESIGNERS 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	$	(56,600)
Cash at the beginning of the period		77,000
Cash at the end of the period	$	20,400

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

Cash received from the sale of land	$ 2,700
Issuance of common stock	235,000
Depreciation expense	17,000
Increase in accounts receivable	57,000
Increase in accounts payable	11,000
Loss on sale of land	6,700
Purchase of equipment	217,000
Increase in inventory	27,000
Increase in prepaid rent	11,000
Payment of dividends	37,000
Net income	67,000
Repayment of notes payable	47,000

Required Prepare the statement of cash flows for CPU Hardware Designers using the indirect method. ( as "10,000).) CPU HARDWARE DESIGNERS Statement of Cash Flows For the Year Ended December 31, 2018 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