Current Attempt in Progress The comparative, unclassified statement of financial position for Sandhill Ltd. shows the following balances at December 31 Sandhill Ltd. Statement of Financial Position December 31 Assets 2021 2020 Cash $ 11,000 $ 39,000 Trading investments 0 44,000 Accounts receivable 82.000 42,000 Inventory 106,000 74,000 Land 183,000 231,000 Buildings 916,000 527,000 Accumulated depreciation-buildings (140,000) (192,000) Equipment 104.000 73,000 Accumulated depreciation-equipment (55,000) (24,000) Total assets $1,207,000 $814,000 Liabilities and Shareholders' Equity Accounts payable $ 19,000 $ 74,000 Income tax payable 3,000 5,000 Interest payable 20,000 14,000 Bank loan payable-current portion 52,000 41,000 Bank loan payable-non-current portion 903.000 421,000 Common shares 155,000 180,000 Retained earnings 55.000 79,000 Total liabilities and shareholders' equity $1,207.000 $814,000 Additional information regarding 2021: Additional information regarding 2021: 1. Net income was $13,000. 2. . Trading investments consist of term deposits, which are short-term, highly liquid debt investments maturing, in this case, in 60 days. 3. A loss of $24,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 4. 4 A gain on disposal of $15,000 was recorded when an old building was sold for $41,000 cash. A new building was purchased for $510,000 and depreciation expense on buildings for the year was $43,000. 5. . Equipment costing $74,000 was purchased while a loss of $15,000 was recorded on equipment that originally cost $43,000 and was sold for $24,000. 6. . The company received $518,000 from new bank loans during the year. 7. Dividends were declared and paid during the year. B. No common shares were issued during the year, but some were bought back and retired at the amount they were originally issued at (a) Prepare the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Prepare the statement of cash flows using the indirect method (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesises. (15,000 SANDHILL LTD. Statement of Cash Flows Year Ended December 31, 2021 Ceah flows from operating activities Net Income 13000 Adjustments to reconcile net income to > V