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 SOPTWARE DEVELOPERS Statement of Cash Plova For the year ended December 31, 2021 Cash Plove 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 Not increase decrease in cash $2,205 Cash at the beginning of the period 7.755 Cash at the end of the period 39,960 Listed below in random order are yine 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 $8.520 12.750 5.400 3,960 1,695 16,170 Cash at the beginning of the period Cash at the end of the period $2,205 7.755 $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 1006) 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 dividende Net Income purchase of treasury stock $ 8,520 12,750 5.400 3,960 1,695 16,170 39,540 1.410 840 6,240 11,100 2,550 Required: Prepare the statement of cash flows for ATM Software Developers using the Indirect method. (List cash outflows and any decrease in eash as negative amounts. Enter your answers in thousands (1.9., 10,000,000 should be entered as 10,000).) Answer is not complete. Answer is not complete. ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Net income S Adjustments to reconcile net income to net cash flows from operating activities Depreciation expenso Increase in accounts receivable Decrease in inventory Decrease in prepaid rent Decrease in accounts payable 11,100 5,400 (3.960) 1,410 840 (1,695) 0 S 13,095 Net cash flows from operating activities Cash Flows from Investing Activities Purchase of equipment Cash received from sale of land . (39,540) 8,520 R. Decrease in accounts payablo (1,695) $ 13,095 Net cash flows from operating activities Cash Flows from Investing Activities Purchase of equipment Cash received from sale of land (39,540) 8,520 (31,020) Net cash flows from investing activities Cash Flows from Financing Activities Issuance of long-term notes payable Issuance of common stock Purchase of treasury stock Payment of dividends Islo 16,170 12,750 (2,550) (6,240) Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period 20,130 2,205 7.755 9.960 S
