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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). 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).) CPU HARDWARE DESIGNERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities 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 Adjustments to reconcile net income to net cash flows from operating activities: $(54,400) 78,000 $ 23,600 Below, in random order, are line items to be included in the statement of cash flows. $ 0 Net cash flows from operating activities Cash Flows from Investing Activities 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 $ 2,800 240,000 18,000 58,000 10,000 6,800 218,000 28,000 10,000 38,000 68,000 48,000 0 Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0 Cash at the beginning of the period Cash at the end of the period $ 0
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