A comparative statement of financial position for Riverbed Industries Inc. follows:

RIVERBED INDUSTRIES INC. Statement of Financial Position December 31, 2020
	December 31
Assets	2020			2019
Cash	$21,300			$34,300
Accounts receivable	122,000			55,300
Inventory	240,000			198,000
Land	87,000			114,000
Equipment	270,000			208,000
Accumulated depreciationequipment	(70,800	)		(44,000	)
Total	$669,500			$565,600
Liabilities and Shareholders Equity
Accounts payable	$53,600			$59,900
Bonds payable	150,600			207,600
Common shares	233,000			176,000
Retained earnings	232,300			122,100
Total	$669,500			$565,600

Additional information:

1.		Net income for the fiscal year ending December 31, 2020, was $133,000.
2.		Cash dividends of $22,800 were declared and paid. Dividends paid are treated as financing activities.
3.		Bonds payable amounting to $57,000 were retired through issuance of common shares.
4.		Land was sold at a gain of $4,000.
5.		No equipment was sold during the year.

(a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

RIVERBED INDUSTRIES INC. Statement of Cash Flows

b} During the year, Riverbed retired $ in bonds payable by issuing common shares.