Digiread Technologies Ltd. (DTL) is a privately held distributor of e-readers and tablets. The Calgary-based company is well established and is currently managed by its founder, Erin Jacobs. The company's financial statements are presented below, together with some additional information. DIGIREAD TECHNOLOGIES LTD. Statement of Income For the Year Ended December 31, 2020 Sales revenue $39.390.000 Cost of goods sold 26.832,000 Gross profit 12.558,000 Wages expense 3.120,000 Depreciation expense 936.000 Interest expense 1,482.000 Income tax expense 1,248,000 Gain on sale of equipment (468,000) Net income $6,240,000 DIGIREAD TECHNOLOGIES LTD. Statement of Financial Position As at December 31 2020 2019 Assets Current assets: Cash $12,090,000 $6,630,000 Accounts receivable (net) 8.970,000 12,090,000 Inventory 13.182.000 14,820,000 Total current assets 34,242.000 33,540.000 Equipment 30,732,000 23.400.000 Accumulated depreciation, equipment (5,148,000) (4,992,000) Total Assets $59,826,000 $51,948,000 Liabilities and shareholders' equity Current liabilities: Accounts payable $9.282.000 $5,460,000 Wages payable 936.000 780,000 Total current liabilities 10.218.000 6,240,000 Bonds payable 16,380.000 20.280,000 Common shares 10.920,000 7,020,000 Retained earnings 22,308,000 18,408,000 Total liabilities and shareholders' equity $59.826.000 $51,948,000 Other Selected Financial Information for the Year Ended December 31, 2020 1. Total sales in 2020 were consistent with the prior year's, and the company's dividend policy has remained consistent for the past five years. 2. During 2020, DTL sold a piece of equipment for $1,638,000. The equipment had originally cost $1,950,000 and had a net carrying amount of $1,170,000 at the time of sale. 3. On August 1, 2020, DTL's board of directors approved the retirement of bonds with a carrying amount $3,900,000 through the issuance of common shares. (a1) DTL's management shareholders have asked you to prepare the statement of cash flows for DTL using indirect method for determining cash flows from operating activities. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000.) DIGIREAD TECHNOLOGIES LTD. Statement of Cash Flows, Indirect Method For the Year Ended December 31, 2020 $ $ $ $