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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 (OOOs). Listed below in random order are line items to be included in the statement of cash flows. Requlred: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cash outflows, and any decrease In cash should be Indleated with a minus sign. Enter your answers In thousands (l.e., 10,000,000 should be entered as 10,000 ).) \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ ATM SOFTWARE DEVELOPERS } \\ \hline \multicolumn{3}{|c|}{ Statement of Cash Flows } \\ \hline \multicolumn{3}{|c|}{ For the Year Ended December 31, 2024} \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Operating Activities } \\ \hline Net income & $10,900 & \\ \hline \multicolumn{3}{|c|}{ Adjustments to reconcile net income to net cash flows from operating activities: } \\ \hline \multicolumn{3}{|l|}{ Increase in accounts receivable } \\ \hline \multicolumn{3}{|l|}{ Depreciation expense } \\ \hline \multicolumn{3}{|l|}{ Decrease in inventory } \\ \hline \\ \hline & & \\ \hline \\ \hline \multirow{3}{*}{\multicolumn{3}{|c|}{\begin{tabular}{|l|} Net cash flows from operating activities \\ Cash Flows from Investing Activities \\ \end{tabular}}} \\ \hline & & \\ \hline & & \\ \hline \\ \hline \\ \hline & & \\ \hline \\ \hline Net cash flows from investing activities & & 0 \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Financing Activities } \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{ F } \\ \hline \\ \hline \\ \hline Net cash flows from financing activities & & 0 \\ \hline \\ \hline \multicolumn{3}{|l|}{ Cash at the beginning of the period } \\ \hline Cash at the end of the period & & $ \\ \hline \end{tabular}
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