Natalie Daniels has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CPU Hardware Designers. All amounts are in thousands (000s). CPU HARDWARE DESIGNERS Statement of Cash Flows For the year ended December 31, 2015 Cash Flows from Operating Activities Net income Adjustments for noncash effects: Changes in current assets and current liabilities: 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 $ (49,600) Cash at the beginning of the period 72,000 Cash at the end of the period $ 22,400 Below, in random order, are line items to be included in the statement of cash flows. Cash received from the sale of land $ 2,200 Issuance of common stock 210,000 Depreciation expense 30,000 Increase in accounts receivable 52,000 Increase in accounts payable 10,000 Loss on sale of land 6,200 Purchase of equipment 212,000 Increase in inventory 22,000 Increase in prepaid rent 10,000 Payment of dividends 32,000 Net income 62,000 Repayment of notes payable 42,000

Required:

Prepare the statement of cash flows for CPU Hardware Designers using the indirect method. (List cash outflows and any decrease in cash as negative amounts. Enter your answers in thousands.)