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	$ 229,000
Increase in inventory	35,000
Increase in prepaid rent	7,500
Payment of dividends	31,000
Depreciation expense	13,000
Increase in accounts receivable	47,000
Increase in accounts payable	15,000
Loss on sale of land	12,000
Net income	69,000
Repayment of notes payable	49,000
Cash received from the sale of land	7,500
Issuance of common stock	241,000

Prepare the statement of cash flows for CEO Consultants using the indirect method.