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 $220,000 29,000 Increase in prepaid rent 6,000 Payment of dividends 36,000 Depreciation expense 18,000 Increase in accounts receivable. 46,000 Increase in accounts payable 18,000 Loss on sale of land 13,000 Net income 63,000 Repayment of notes payable 42,000 Cash received from the sale of land Issuance of common stock 7,500 248,000 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 Adjustments to reconcile net income to net cash flows from operating activities: