A company has gathered data to be used in preparing the statement of cash flows (indirect method). Listed below, in no particular order, are items to be included in that statement. Purchase of equipment Increase in inventory Increase in prepaid rent Payment of dividends $ 228,000 34,000 7,000 34,000 Depreciation expense 11,000 52,000 Increase in accounts receivable Increase in accounts payable. Loss on sale of land 16,000 13,500 Net income 67,000 Repayment of notes payable 42,000 Cash received from the sale of land 5,500 241,000 Issuance of common stock Prepare the company's statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) CEO CONSULTANTS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities 22 01:58:54 CEO CONSULTANTS Statement of Cash Flows For the Year Ended December 31, 20211 Cash Flows from Operating Activities 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 Cash at the beginning of the period Cash at the end of the period $ (43,000) 97,000 54,000