he comparative statement of financial position for Sandhill Retailers Ltd. follows:

SANDHILL RETAILERS LTD. Statement of Financial Position December 31
Assets		2021				2020
Cash		$	26,000			$	11,000
Accounts receivable			56,000				46,000
Inventory			171,000				146,000
Furniture			162,000				79,000
Accumulated depreciation			(45,000	)			(26,000	)
Total assets		$	370,000			$	256,000
Liabilities and Shareholders Equity
Accounts payable		$	45,000			$	30,000
Bank loan payable (current portion)			20,000				15,000
Bank loan payable (noncurrent portion)			84,000				62,000
Common shares			63,000				58,000
Retained earnings			158,000				91,000
Total liabilities and shareholders equity		$	370,000			$	256,000

Additional information regarding 2021:

1.		Net income was $67,000.
2.		Depreciation expense was $19,000.
3.		Payments made to the bank pertaining to the bank loan were $10,000. The company obtained some new bank loans during the year.
4.		Common shares were issued during the year and the company did not buy back any shares.
5.		During the year, the company did not sell any furniture.

(a) Prepare a statement of cash flows using the indirect method for 2021. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Waterway Limited issued $3,500,000 of 10-year, 6% bonds on January 1, 2021, when the market interest rate was 7%. Waterway received $3,251,297 when selling the bonds. Interest is payable semi-annually on July 1 and January 1. Waterway has a December 31 year end. (a) Record the issue of the bonds on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Jan. 1