08, 9) E5-18 (Prepare Statement of Cash Flows) The comparative statement of financial position of Sensity Corporat as at December 31, 2017, follows: SENSIFY CORPORATION Statement of Financial Position December 31 Assets Cash December 31 2017 2016 $ 53,000 $13,000 91,000 88,000 27,000 22,000 (10,000) (11,000) $161,000 $112,000 Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Shareholders' Equity Accounts payable $ 20,000 Common shares Retained earnings Total $ 15,000 100,000 80,000 41,000 17,000 $161,000 $112,000 Net income of $37,000 was reported and dividends of $13,000 were declared and paid in 2017. New equipment purchased, and equipment with a carrying value of $5,000 (cost of $12,000 and accumulated depreciation of $7,000 sold for $8,000. Instructions Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume th Sensify prepares financial statements in accordance with ASPE.