Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO 1 Comunihinm aic Listed below in random order are line items to be included in the statement of cash flows Parchaseof eqaipeent Inerease in ieventory Increase in prepald rent Payment of dividends Depreciation expense Increase in acoounts rece ivable Increase in socounts payable Loss on sale of Land 229,00 29,000 ,000 11.000 16,000 12.500 68,000 Repayment of notes payable Cash received from the sale of land ,000 Issuance of common stock 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.) Statement of Cash Flows Cash Flows rom Operating Activiti Adjuntments to reconcle net inoome to net cash ows fho operating actties Help Save &Exit statement of cash flows for CEO Consultants using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) 12 CEO CONSULTANTS Statement of Cash Flows r 31, 2021 Cash Flows from Operating Activites Adjustments to reconole net income to net cash flows from operating activibes Net cash flows from operaling activities Cash Fows from Investing Activities Net cash flows from investing acivities Cash Flows from Financing Activities Exam 24 (CH 1-12) Help Save& Exitul 12 Net cash Sows from operating actvitie Cash Flows rom Investing Actieties Ner cash flows from investing activities Cash Flows tom Financing Acives Net cash fows from financing acivities Net increase (decrease) in cash Cash at the beginning of the period (44,500) 100,000 55,500