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Nathan Herrmann has completed the basic format to be used in preparing the statement of cash...

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 $ 221,000
Increase in inventory 30,000
Increase in prepaid rent 8,000
Payment of dividends 36,000
Depreciation expense 11,000
Increase in accounts receivable 48,000
Increase in accounts payable 20,000
Loss on sale of land 13,000
Net income 63,000
Repayment of notes payable 49,000
Cash received from the sale of land 3,500
Issuance of common stock 249,000


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.)

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