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, 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 $ 3,525 Cash at the beginning of the period 6,490 Cash at the end of the period $ 10,015 Listed below in random order are line items to be included in the statement of cash flows Cash received from the sale of land $ 8,630 Issuance of common stock 13,025 Depreciation expense 5,455 Increase in accounts receivable 4,070 Decrease in accounts payable 1,750 Issuance of long term notes payable 16,445 Purchase of equipment 39,815 Decrease in inventory 1,465 Decrease in prepaid rent 895 Payment of dividends 6,350 Net income 12,200 Purchase of treasury stock 2,605 Required 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 (i e , 10,000,000 should be entered as 10,000) ) ATM SOFTWARE DEVELOPERS 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 Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid rent Decrease in accounts payable Net cash flows from operating activities 0 Cash Flows from Investing Activities Issuance of common stock Issuance of long term notes payable Purchase of treasury stock Net cash flows from investing activities C Cash Flows from Financing Activities Issuance of common stock Issuance of long term notes payable Payment of dividends Purchase of treasury stock Net cash flows from financing activities C Net increase in cash Cash at the beginning of the period Cash at the end of the period C

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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

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, 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	$	3,525
Cash at the beginning of the period		6,490

Cash at the end of the period	$	10,015

Listed below in random order are line items to be included in the statement of cash flows.


Cash received from the sale of land	$	8,630
Issuance of common stock		13,025
Depreciation expense		5,455
Increase in accounts receivable		4,070
Decrease in accounts payable		1,750
Issuance of long-term notes payable		16,445
Purchase of equipment		39,815
Decrease in inventory		1,465
Decrease in prepaid rent		895
Payment of dividends		6,350
Net income		12,200
Purchase of treasury stock		2,605

Required: 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 (i.e., 10,000,000 should be entered as "10,000).) image text in transcribed

ATM SOFTWARE DEVELOPERS 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 Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid rent Decrease in accounts payable Net cash flows from operating activities 0 Cash Flows from Investing Activities Issuance of common stock Issuance of long-term notes payable Purchase of treasury stock Net cash flows from investing activities C Cash Flows from Financing Activities Issuance of common stock Issuance of long-term notes payable Payment of dividends Purchase of treasury stock Net cash flows from financing activities C Net increase in cash Cash at the beginning of the period Cash at the end of the period C