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I cannot figure out the rest of these boxes, I also cannot figure out how to calculate any of the numbers Crane Ltd. Statement of

I cannot figure out the rest of these boxes, I also cannot figure out how to calculate any of the numbers

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Crane Ltd. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 25,000 $ 39,000 Term deposits (maturing in 60 days) 48,000 Accounts receivable 73,000 37,000 Inventory 103,000 68,000 Land 180,000 230,000 Buildings 919,000 529,000 Accumulated depreciation-buildings (144,000) (194,000) Equipment 96,000 68,000 Accumulated depreciation-equipment (43,000) (17,000) Total assets $1,209,000 $808,000 Liabilities and Shareholders' Equity Accounts payable $ 25,000 $ 72,000 Income tax payable 5,000 8,000 Interest payable 18,000 13,000 Bank loan payable-current portion 55,000 43,000 Bank loan payable-non-current portion 902,000 421,000 Common shares 158,000 183,000 Retained earnings 46,000 68,000 Total liabilities and shareholders' equity $1,209,000 $808,000 Additional information regarding 2018: 1. Net income was $10,000. 2. A loss of $22,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 3. A gain on the disposal of $15,000 was recorded when old building was sold for was sold for $40,000 cash. A new building was purchased for $510,000 and depreciation expense on buildings for the year was $45,000. 4. Equipment costing $73,000 was purchased while a loss of $16,000 was recorded on equipment that originally cost $45,000 and was sold for $22,000. 5 . The company received $518,000 from new bank loans during the year. 6. Dividends were declared and paid during the year. 7. 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 approach. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) CRANE LTD. Statement of Cash Flows-Indirect MethodCRANE LTD. Statement of Cash Flows-Indirect Method Year Ended December 31, 2018 Cash flows from operating activities x INet income Adjustments to reconcile net income to Net cash provided by operating activities x Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in inventory Gain on disposal of building Increase in interest payable x Decrease in income tax payable x X Increase in accounts receiv Increase in accounts receiv x X Net decrease in cash Cash flows from investing activities Purchase of building Purchase of equipment Proceeds from disposal of building Additions to bank loan Additions to bank loan Net cash used by investing activities Cash flows from financing activities Additions to bank loan Repayments of bank loan x Dividends paid Repurchase of common shares Net cash provided by financing activities X Net decrease in cash X Cash and cash equivalents, January 1 Cash and cash equivalents, December 31

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