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, 2024 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 Cash at the beginning of the period Cash at the end of the period 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 $ 8,630 13,025 5,455 4,870 1,750 16,445 39,815 1,465 895 6,350 12,200 2,605 $3,525 6,498 $10,015 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 accounts payable Decrease in inventory Decrease in prepaid rent Net cash flows from operating activities Cash Flows from Investing Activities Cash received from sale of land Purchase of equipment Net cash flows from investing activities Cash Flows from Financing Activities Issuance of common stock Issuance of long-term notes payable Payment of dividends $ 0 0 Net cash flows from operating activities Cash Flows from Investing Activities Cash received from sale of land Purchase of equipment Net cash flows from investing activities 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 Net increase in cash Cash at the beginning of the period Cash at the end of the period S 0 0 0