Avalos 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 $25,000 and the ending balance was $50,000. Cash borrowed on three-year note $ 30,000 Decrease in accounts payable (3,000 ) Decrease in inventory 1,000 Increase in accounts receivable (9,000 ) Land purchased (36,000 ) Net income 25,000 New delivery truck purchased for cash (7,000 ) Stock issued for cash 24,000 Required: Prepare the current year statement of cash flows for Avalos Corporation. (Cash outflows should be indicated by a minus sign.)