Prepare the statement of cash flows using the indirect method. (Year Ended December 31, 2018)

The comparative, unclassified statement of financial position for Carla Vista Ltd. shows the following balances at December 31: Carla Vista Ltd. Statement of Financial Position December 31 2018 $27,000 Assets Cash Accounts receivable Inventory Land Buildings Accumulated depreciation-buildings 69,000) (102,000) Equipment Accumulated depreciation-equipment8.000) 8,000) Total assets Liabilities and Shareholders' Equity Bank overdraft Accounts payable Income tax payable Interest payable Dividends payable Bankloan payable-current portion Banloan payable-non-current portion 375,000 211,000 Common shares Retained earnings Total liabilities and shareholders' equity704,000 392,000 2017 0,000 41,000 53,000 94,000 107,000 522,000 258,000 30,000 78,000 43,000 704,000 392,000 $0 13,000 $41,000 23,000 2,000 6,000 1,000 28,000 20,000 3,000 5,000 3,000 197000 88,000 28,000 52.000 Additiona information regarding 2018: 1. Net income was $ 61,000. 2. Again of $9,000 was recarded on the disposal of a small parcel of land. Na land was purchased during the year 3. A gain on the disposal of $41 000 was recorded when an old building was sold for 58,000 cash. A new building was purchased for $ 367,000 and depreciation expense on buildings for the year was $ 53,000 4. Equipment costing $ 60,000 was purchased while a loss of $ 5,000 was recorded on equipment that was sold for $5,000. The equipment that was sold late in the year had accumulated depreciation of $15,000 5. The company took out $ 212,000 of new bank loans during the year. 6. Dividends were declared and paid and no common shares were bought back by the company