Additional information regarding 2021:

1.		Net income was $39,000.
2.		Depreciation expense was $16,000.
3.		During the year, the company did not receive any new bank loans.
4.		During the year, the company did not purchase furniture but did sell some furniture for $6,000, which resulted in a gain on disposal of $2,000.
5.		No common shares were issued during the year but some were repurchased at the cost at which they were originally issued.
6.		During the year, the company paid all dividends declared.

(a) Prepare a statement of cash flows using the indirect method for 2021.

Question 1 of 4