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 $(000$s$).$

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 $$1,365$

Cash at the beginning of the period $8,560$

Cash at the end of the period $$9,925$

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$)$ $ $8,450$

Issuance of common stock $12,575$

Depreciation expense $5,365$

Increase in accounts receivable $3,890$

Decrease in accounts payable $1,660$

Issuance of long$-$term notes payable $15,995$

Purchase of equipment $39,365$

Decrease in inventory $1,375$

Decrease in prepaid rent $805$

Payment of dividends $6,170$

Net income $10,400$

Purchase of treasury stock $2,515$

Required:

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 indicated with a minus sign. Enter your answers in thousands $($i$.$e$.,10,000,000$ should be entered as $10,000).)$