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 $$2,205$

Cash at the beginning of the period $7,755$

Cash at the end of the period $$9,960$

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$)$ $ $8,520$

Issuance of common stock $12,750$

Depreciation expense $5,400$

Increase in accounts receivable $3,960$

Decrease in accounts payable $1,695$

Issuance of long$-$term notes payable $16,170$

Purchase of equipment $39,540$

Decrease in inventory $1,410$

Decrease in prepaid rent $840$

Payment of dividends $6,240$

Net income $11,100$

Purchase of treasury stock $2,550$

Required:

Prepare the statement of cash flows for ATM Software Developers using the indirect method.