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! ATH SOFTWARE DEVELOPERS Statement of Cash Flows For the year ended December 31, 2011 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from westing activities Cash flows from Financing Activities Net cash flows from financing activities Het increase (decrease in cash Cash at the beginning of the period 3.560 Cash at the end of the period 59,925 Listed below in random order are line items to be included in the statement of cash flows Cash received from the sale of land 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 dividendis Net Income Purchase of treasury stock 53,450 12,575 5.365 3.890 1,660 15,995 39.365 sos 6,170 10.400 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (List cash outflows and any decrease in cash as negative amounts. Enter your answers in thousands (ie. 10,000,000 should be entered as 10.000). ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities 5 0 Net cash flows from operating activities Cash Flows from Investing Activities 0 Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period 5 0 1 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 Cash at the beginning of the period Cash at the end of the period $ 1,365 8,560 $ 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 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 dividends Net income Purchase of treasury stock $ 8,450 12,575 5,365 3,890 1,660 15,995 39,365 1,375 805 6,170 10,400 2,515 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (List cash outflows and any decreas cash as negative amounts. Enter your answers in thousands (i.e., 10,000,000 should be entered as 10,000).) ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities