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, 2021
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 (no gain or loss)	$	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

Required:

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