Part II. The comparative, unclassified statement of financial position for Anderson Ltd. shows the following balances at December 31: Additional informa 1. Net income was $53,000. 2. A gain of $14,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 3. A gain on disposal of $28,000 was recorded when an old building was sold for $40,000 cash. A new building was purchased for $304,000 and depreciation expense on buildings for the year was $45,000. 4. Equipment costing $125,000 was purchased while a loss of $5,000 was recorded on equipment that originally cost $30,000 and was sold for $4,000. 5. The company took out $350,000 of new bank loans during the year. 6. Dividends were declared and paid during the year. 7. Common shares were issued for $10,000. Some common shares were also repurchased at the price at which they were originally issued. Instructions a. Prepare the statement of cash flows using the indirect approach