Cash Trade receivables (net) Inventory Land Property, plant & equipment Accumulated depreciation Banks Ltd Statements of Financial Position December 31 2015 2014 $ 30,900 $ 10,200 48,300 20,300 35,000 42,000 0 15,000 236,500 150,000 (37,700) (25,000) $313,000 $212,500 Trade payables Accrued liabilities Long-term notes payable Common shares Retained earnings $ 19,000 19,000 70,000 I 130,000 75,000 $313,000 $ 26,500 17,000 50,000 90,000 29,000 $212,500 Additional information concerning transactions and events during 2015: 1. Net earnings for the year were $80,000. 2. Depreciation on plant assets was $12,700. 3. Sold the land for $28,000 cash. 4. Paid cash dividends of $34,000. 5. Purchased machinery costing $26,500, paid cash. 6. Purchased machinery by signing a $60,000 long-term note payable. 7. A $40,000 long-term note payable was converted to common shares. Required Prepare a statement of cash flows (indirect method) for 2015 for Banks Ltd