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

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Accounting

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.

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