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	$1,725
Cash at the beginning of the period	8,215
Cash at the end of the period	$9,940

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)	$ 8,480
Issuance of common stock	12,650
Depreciation expense	5,380
Increase in accounts receivable	3,920
Decrease in accounts payable	1,675
Issuance of long-term notes payable	16,070
Purchase of equipment	39,440
Decrease in inventory	1,390
Decrease in prepaid rent	820
Payment of dividends	6,200
Net income	10,700
Purchase of treasury stock	2,530

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).