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Marchant Ltd. reported the following abbreviated statement of financial position and statement of income for 2020. MARCHANT LTD. Comparative Statement of Financial Position Dec. 31,

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Marchant Ltd. reported the following abbreviated statement of financial position and statement of income for 2020. MARCHANT LTD. Comparative Statement of Financial Position Dec. 31, 2020 Dec. 31, 2019 Cash $ 56,000 $ 70,000 Accounts receivable 122,000 137,000 Inventory 316,000 283,000 Property, plant, and equipment 696,000 641,000 Less: Accumulated depreciation (264,000) (227,000) Total assets $ 926,000 $904,000 Accounts payable $82,000 $ 83,200 Wages payable 7,000 13,800 Loan payable 311,405 393,000 Common shares 209,000 144,000 Retained earnings 316,595 270,000 Total liabilities and shareholders' equity $ 926,000 $ 904,000 MARCHANT LTD. Statement of Income For the year ended December 31, 2020 Sales revenue $ 455,000 Cost of goods sold 237,000 Gross profit 218,000 Other expenses: Supplies expense $ 12,000 Depreciation expense 37,000 Wages expense 107,000 Other operating expenses 3,000 Interest expense 18,000 177,000 41,000 Other income 15,000 Net income $ 56,000 Prepare a statement of cash flows for Marchant Ltd. for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Marchant Ltd. Statement of Cash Flows, Indirect Method For the Year Ended December 31, 2020 $ $ Supplemental Cash Flow information: Cash paid for interest $

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