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) ATH SOFTWARE DEVELOPERS Statement of Cash Flows For the year ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconette 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 $ 3,765 Cash at the beginning of the period 6 260 Cash at the end of the period $10,025 Listed 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) Issuance of common stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of long-term notes payable Purchase of equipment Decrease in inventory Decrease in prepaid rent Payment of dividends Net income Purchase of treasury stock $ 8,650 13, 075 5,465 4,090 1,760 16,495 39,865 1,475 905 6,370 12,400 2,615 Required: Prepare the statement of cash flows for ATM Software Developers using the Indirect method. (List cash outflows and any decrease in Prepare the statement of cash flows for ATM Software Developers 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).) $ 12.400 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 Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in accounts payable 5,465 (4,090) 1,475 (1.760) 0 0 $ 13,490 Net cash flows from operating activities Cash Flows from Investing Activities 0 Net cash flows from investing activities Cash Flows from Financing Activities Issuance of common stock 13.075 Prev 1 of 3 : Next > (1,760) 0 0 Net cash flows from operating activities Cash Flows from Investing Activities $ 13,490 Net cash flows from investing activities Cash Flows from Financing Activities Issttance of common stock 0 13,075 Net cash flows from financing activities Net increase in cash Dash at the beginning of the period Dash at the end of the period 13,075 0 0 $ 0