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 $ 227,000 Increase in inventory 27,000 Increase in prepaid rent 5,500 Payment of dividends 36,000 Depreciation expense 10,000 Increase in accounts receivable 51,000 Increase in accounts payable 20,000 Loss on sale of land 10,500 Net income 62,000 Repayment of notes payable 44,000 Cash received from the sale of land 5,000 Issuance of common stock 247,000 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 Omit the $ sign in your response )

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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

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	$ 227,000
Increase in inventory	27,000
Increase in prepaid rent	5,500
Payment of dividends	36,000
Depreciation expense	10,000
Increase in accounts receivable	51,000
Increase in accounts payable	20,000
Loss on sale of land	10,500
Net income	62,000
Repayment of notes payable	44,000
Cash received from the sale of land	5,000
Issuance of common stock	247,000

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. Omit the "$" sign in your response.)