Cash	36,000	2,000
Accounts receivable	21,000	39,000
Inventory	5,700	49,000
Supplies	2,500	3,000
	65,200	93,000
Land	1,100,000	800,000
Building	1,150,000	900,000
Accumulated depreciation building	(276,000)	(180,000)
Vehicles	15,000	28,000
Accumulated depreciation vehicles	(3,600)	(5,600)
	1,985,400	1,542,400
	$2,050,600	$1,635,400
Accounts payable	38,000	49,000
Dividends payable	25,000	1,300
Current bank loan	55,000	55,000
	118,000	105,300
Non-current bank loan	1,700,600	1,320,100
	1,818,600	1,425,400
Common shares	120,000	100,000
Retained earnings	112,000	110,000
	232,000	210,000
	$2,050,600	$1,635,400

During 2018 the following occurred:

• Land costing $300,000 was purchased in 2018 for $220,000 cash and by issuing common shares of $80,000
• A building that had an original cost of $348,000 and accumulated depreciation of $128,000 was sold for a loss of $53,000
• A vehicle was sold during the year, the vehicle had a cost of $21,000, accumulated depreciation of $3,000 and was sold for $6,800 in cash
• The vehicle that was purchased in 2018 was purchased by obtaining a bank loan
• $137,0000 was paid towards the bank loan in 2018
• The company declared dividends of $32,000 in 2018
• Common shares were bought back by the company during 2018

1. Prepare the statement of cash flows for 2018 using the indirect method.