Savary Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is as follows:

Additional information:
1. Profit for 2014 was $200,000.
2. Equipment was purchased during the year. No equipment was sold.
3. Cash dividends were paid to the preferred shareholders during the year.
Instructions
Prepare the cash flow statement using the indirect method.

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SAVARY LIMITED Balance Sheet December 31 2014 2013 $114,000 $ 85,000 600,000 330,000 25,000 1,000,000 (280,000) $1,760,000 Accounts receivable 750,000 Prepaid insurance Equipment and vehicles Accumulated depreciation 18,000 1,250,000 (350,000) $2,282,000 Liabilities and Shareholders' E Accounts payable 226,000 $200,000 40,000 20,000 350,000 26,000 500,000 200,000 400,000 900,000 $2,282,000 Notes payable (non-trade) Preferred shares Common shares 400,000 750,000 $1,760,000 Total liabilities and shareholders' equity