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	$ 224,000
Increase in inventory	31,000
Increase in prepaid rent	5,500
Payment of dividends	38,000
Depreciation expense	19,000
Increase in accounts receivable	46,000
Increase in accounts payable	18,000
Loss on sale of land	10,500
Net income	62,000
Repayment of notes payable	45,000
Cash received from the sale of land	3,000
Issuance of common stock	241,000

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.)