Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used...
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Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement or cash tiows (indirect method) for ATM Sotware Developers. All amounts are In thousands (000s) ATM SOF TWARE DEVELOPERS Statemant of Cash Flows For the year ended December 31, 2018 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash flows from opereting activities: Net cash flows from operating activitias Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activitias Net increase idecrease) in cash Cash at the heginning af tha period S 3,765 Cash at the end of th period S 11,275 Listed below in random order are line itens to be included in the statement of cash flows. Cash received from the sale of land ssuance of common stock Depreciation expense Increase in accounts receivable Decrease in accournts payable Issuance of long-term notes payable Purchase ol equipment Decrease in inventory Decrease in prepaid rent Payment of dividends Net income Purchasa of treasury stock 8,650 13,075 5,465 1,090 1,760 16,495 39,865 1,475 6,370 12,400 Required Prepare the statement of cash tiows tor ATM Software Developers using the indrect method (List cash outrlows and any decrease in cash as negative amounts. Enter your answers in thousands (1.e, 10,000,000 should be entered as "10,000) ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2018 Cash Flows from Operating Activites Adjustments to reconcile net income to nat cash flows from cperaling activities Net cash lows from operating actvities Cash Flaws from Investing Activities Net cash fows from imesting activilies Cash Flows from Financing Activities: Net cash flows from financing aciviies Cash at the beginning of the perio Cash at the end af the period
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