Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Consultants. Listed below in random order are line items to be included in the statement of cash flows.

Purchase of equipment	$ 220,000
Increase in inventory	30,000
Increase in prepaid rent	10,000
Payment of dividends	40,000
Depreciation expense	20,000
Increase in accounts receivable	60,000
Increase in accounts payable	10,000
Loss on sale of land	7,000
Net income	70,000
Repayment of notes payable	50,000
Cash received from the sale of land	3,000
Issuance of common stock	250,000

Prepare the statement of cash flows for CEO Consultants using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.)