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Discuss the statement of cash flows for ceo consultants

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Reference no: EM131776533

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 $ 226,000  
  Increase in inventory 34,000  
  Increase in prepaid rent 8,500  
  Payment of dividends 39,000  
  Depreciation expense 11,000  
  Increase in accounts receivable 51,000  
  Increase in accounts payable 22,000  
  Loss on sale of land 11,000  
  Net income 64,000  
  Repayment of notes payable 41,000  
  Cash received from the sale of land 3,500  
  Issuance of common stock 248,000  

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.)

Reference no: EM131776533

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