Additional information:

1.		Net income was $32,000 in 2018.
2.		Depreciation expense was $15,000 in 2018.
3.		In 2018, no new bank loans were received.
4.		In 2018, no furniture was purchased, but some furniture was sold for $8,000, which resulted in a gain on this disposal of $4,000.
5.		No common shares were issued during the year but some were reacquired at the cost at which they were originally issued.
		In 2018, dividends were declared and paid. Prepare a statement of cash flows using the indirect method for 2018. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

The comparative statement of financial position for Wildhorse Retailers Ltd. follows: WILDHORSE RETAILERS LTD Statement of Financial Position December 31 Assets Cash Accounts receivable Inventory Furniture Accumulated depreciation Total assets 2018 2017 0 18,000 76,000 49,000 225,000 170,000 134,000 167,000 (28,000) (42,000) $407,000 $362,000 Liabilities and Shareholders' Equity Bank overdraft Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders' equity $407,000 $ 14,000 $ 67,000 42,000 94,000 105,000 54,000 64,000 178,000 151,000 $362,000