The following statement of cash flows template is being utilized by Alliance Technologies. All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES 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 increase (decrease) in cash Net cash flows from financing activities $2,445 7,525 $9,970 Cash at the beginning of the period Cash at the end of the period The following items are to be included in the statement of cash flows. Cash received from the sale of land $ 8,540 Issuance of common stock 12,800 Depreciation expense 5,410 Increase in accounts receivable 3,980 Decrease in accounts payable 1,705 Issuance of long-term notes payable 16,220 Purchase of equipment 39,590 Decrease in inventory 1,420 Decrease in prepaid rent 850 Payment of dividends Net income Purchase of treasury stock 6,260 11,300 2,560