Exercise 13-8 The comparative statement of financial position for Charmaine Retailers Ltd. follows: CHARMAINE RETAILERS LTD Statement of Financial Position Assets Cash Accounts receivable Merchandise inventory Furniture Accumulated depreciation Total assets 2015 2014 s16,380 8,190 38,220 72,800 322,140 $227.500 45,500 152,880 130,130 148,330 (40,950(21 Liabilities and Shareholders Equity Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders' equity $322,140 $ 40,950 $ 31,850 69,160 54,600 50,050 ??76,440 $227,500 93,730 132,860 Additional information: 1. Profit was $56,420 in 2015 2. Depreciation expense was $19,110 in 2015 3. Payments made to the bank pertaining to the bank loan were $9,100 in 2015. Some new loans were obtained that year. 4. Common shares were issued in 2015 and no shares have been bought back by the company 5. In 2015, no furniture was sold. Prepare a statement of cash flows using the indirect method for 2015. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).)