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 Increase in inventory $224,000 29,000 Increase in prepaid rent 7,500 Payment of dividends 37,000 Depreciation expense 15,000 Increase in accounts receivable. 50,000 Increase in accounts payable 16,000 Loss on sale of land 13,500 Repayment of notes payable Net income Cash received from the sale of land Issuance of common stock 241,000 61,000 46,000 6,000 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.) CEO CONSULTANTS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities