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 of 000s. ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the year ended December 31, 2015Cash Flows from Operating Activities Net income Adjustments for noncash effects: Changes in current assets and current liabilities: Net cash flows from operating acitivties Cash Flows from Investing Activities Net Cash flows form financing activites Net increase decrease in cash $3,045Cash at the beginning of the period 6,950Cash at the end of the period $9,995Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land $8,590Issuance of common stock 12,925Depreciation expense 5,435Increase in account receivable 4,030Decrease in account payable 1,730Issuance of long-term notes payable 16,345Purchase of equipment 39,715Decrease in inventory 1,445Decrease in prepaid rent 875Payment of divivdends 6,310Net income 11,800Purchase of treasury stock 2,585Required:Prepare the statement of cash flows for ATM software developers using the indirect method. List cash outflows and any decrease in cash as negative amounts. Enter the answer in thousands.