Exercise 13-9 The comparative statement of financial position for Surland als Lid. follows SUNLAND RETAILERS LTD. Statement of Financial Position December 31 Assets 2015 2017 0 $ 17,000 Accorcivable 76,000 221,000 171,000 Furniture 129,000 160,000 Accumulated depreciation (39,000) (48,000) $287,000 $340,000 Liabilities and Shareholders' Equity Bankoverdal $ 8,000 $ Acto payable 70,000 48,000 Bank loan payable (noncurrent) 104,000 Con shares 54,000 64,000 Retained ning 166,000 133,000 Total liabilities and shareholdersgily 5.587,000 $349,000 1. Net income $38,000 in 2018. 2. Depreciation expense was $18,000 in 2018. 3. In 2018, new bank loans were received 4. In 2018, no furniture was purchased, but some furniture is sold for $6,000, which rested in a gain in this disposal of $2,000. 5. No common shares were issued during the year but some were reacquired at the cost at which they were originally id. 6. In 2018, dividends were dedared and paid. Prepare a statement of cash flowing the indirect method for 2018. (Show amounts that decrease cash flow with either a sign .g. 25,000 or in parenthesia e.. (15,000).) SUNLAND RETAILERS LTD. Statement of Cash Flows-Indirect Method Adjurslo reconcile net income to V V > > >