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

$1,965

Cash at the beginning of the period

$7,985

Cash at the end of the period

$

9,950

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

Cash received from the sale of land

$

8,500

Issuance of common stock

12,700

Depreciation expense

5,390

Increase in accounts receivable

3,940

Decrease in accounts payable

1,685

Issuance of long-term notes payable

16,120

Purchase of equipment

39,490

Decrease in inventory

1,400

Decrease in prepaid rent

830

Payment of dividends

6,220

Net income

10,900

Purchase of treasury stock

2,540

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
Adjustments to reconcile net income to net cash flows from operating activities
Net cash flows from operating activities		$0
Cash Flows from Investing Activities
Net cash flows from investing activities		0
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