Problem 11-2A Classify items and prepare the statement of cash flows (L011-1, 11-3, 11-4, 11-5) Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows (indirect method) for ATM Software Developers. All amounts are in thousands (000s). ATM SOFTWARE DEVELOPERS 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 (deerense) in cash Cash at the beginning of the period Cash at the end of the period ces $2,685 7.295 $9,980 Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land Tsuance of common stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Iwance of long-term notes payablo Purchase of equipment Decrease in inventory Decrease in prepaid rent Payment of dividenda Net Income Purchase of treasury stock $ 8,560 12,850 5,420 4,000 1,715 16,270 39.640 1.430 860 11,500 2.570 Cash Flows from Operating Activities Not income Adjustments to reconcile net income to net cash flows from operating activities Depreciation expense Decrease in inventory Decrease in prepaid rent Increase in accounts receivable Decrease in accounts payable 905) (4.090) (1.760) $ 4,945 Net cash flows from operating activities Cash Flows from Investing Activities Cash received from sale of land Purchase of equipment 8.650 (39,865) es (31,215) Net cash flows from investing activities Cash Flows from Financing Activities Issuance of long-term notes payable Issuance of common stock Purchase of treasury stock Payment of dividends Net cash flows from financing activities 0 Cash at the beginning of the period Cash at the end of the period $ 0