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

Natalie King 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, 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	$	(41,200	)
Cash at the beginning of the period		84,000
Cash at the end of the period	$	42,800

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)	$	3,400
Issuance of common stock		270,000
Depreciation expense		24,000
Increase in accounts receivable		64,000
Increase in accounts payable		11,000
Loss on sale of land		7,400
Purchase of equipment		224,000
Increase in inventory		34,000
Increase in prepaid rent		11,000
Payment of dividends		44,000
Net income		74,000
Repayment of notes payable		54,000

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 (i.e., 10,000,000 should be entered as "10,000).)

rev: 12_01_2020_