show calculations: depreciation expense & bank loan payable with Indirect Statement sections

Additional information regarding 2018: 1. Net income was $53,000 2. Again of S14,000 was recorded on the disposal of a small parcel of land No land was purchased during the year 3. A painon disposal of $28,000 was recorded when an old building was sold for $40.000 cash A new building was purchased for 5304,000 and depreciation expens on buildings for the year was $45,000 4. Equipement conting $125,000 was purchased while a loss of $5,000 was recorded on equipesent that originally cost $30,000 and was sold for 54.000 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 required at the peace which they were only issued Irutructions (a) Prepare the statement of cash flows using the indurect approach P13-6B The comparative, unclassified statement of financial position for Anderson Ltd, shows the following balances at December 31: 2018 2017 Assets Cash Accounts receivable Inventory Land Buildings Accumulated depreciation buildings Equipment Accumulated depreciation equipment Total assets Liabilities and Shareholders' Equity Bank overdraft Accounts payable Income tax payable Interest payable Bank loan payable current portion Bank loan payable non-current portion Common shares Retained earnings Total liabilities and shareholders' equity S -0- $ 36,000 38,000 20,000 49,000 35,000 95.000 110,000 477,000 263,000 (67,000) (100,000) 135,000 40,000 (18.000) (10,000) $709,000 $394,000 $ 5,000 9,000 3,000 6,000 26,000 520,000 90.000 50,000 $709,000 S -0- 35,000 2,000 7,000 20,000 212.000 88.000 30,000 $394,000