Problem 11-2A (Algo) Classify items and prepare the statement of cash flows (LO11-1, 11-3, 11-4, 11-5)

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	$3,765
Cash at the beginning of the period	6,260
Cash at the end of the period	$10,025

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)	$ 8,650
Issuance of common stock	13,075
Depreciation expense	5,465
Increase in accounts receivable	4,090
Decrease in accounts payable	1,760
Issuance of long-term notes payable	16,495
Purchase of equipment	39,865
Decrease in inventory	1,475
Decrease in prepaid rent	905
Payment of dividends	6,370
Net income	12,400
Purchase of treasury stock	2,615

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).)