AvaloAvalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of cash flows presented in alphabetical order. Parentheses indicate that a listed amount should be subtracted on the cash flow statement. The beginning balance in cash was $34,000 and the ending balance was $72,500.

Cash borrowed on three-year note	$	32,000
Decrease in accounts payable		(4,000	)
Decrease in inventory		1,100
Increase in accounts receivable		(6,500	)
Land purchased		(37,000	)
Net income		34,000
New delivery truck purchased for cash		(8,100	)
Stock issued for cash		27,000

Required:

Prepare the current year statement of cash flows for Avalos Corporation. (Cash outflows should be indicated by a minus sign.)