260,000 9,000 5,000 7,000 (100,000) 10,300 7,000 Cash 278,000 18,000 Accounts receivable (net) 177,000 168,000 Prepaid Insurance 28,000 23,000 Inventory 360,000 353,000 Land 315,000 415,000 Buildings 515,000 515,000 Accumulated depreciation buildings 206,000 195,700 Accounts payable 75,000 68,000 Salaries payable 35,000 28,000 Bank Loan payable 525,000 582,000 Common shares 275,000 268,000 Retained earnings 557,000 350.300 Comparative Statement of Comprehensive Income Accounts Sales revenue 995,000 Depreciation expense 10,300 Income tax expense 140.000 Cost of goods sold 485.000 Interest expense 23,000) General and administrative expense 130,000 7,000 (57000) 7,000 206, 700 Additional Information $57.000 of the bank loan is due each year Land was sold for cash Common shares were issued for cash $5.000 in uncollectible receivables were written off Required: Prepare the company's Statement of Cash Flows using the indirect method (16 marks)