The comparative statement of financial position for Carla Vista Retailers Ltd$.$ follows:

$-/10$

CARLA VISTA RETAILERS LTD$.$

Statement of Financial Position

December $31$

Assets

$2021$

$2020$

Cash

$24,000$

$11,000$

Accounts receivable

$50,000$

$42,000$

Inventory

$167,000$

$141,000$

Furniture

$166,000$

$84,000$

Accumulated depreciation

$(51,000$

$(28,000$

Total assets

$

$356,000$

$

$250,000$ Liabilities and Shareholders' Equity

Accounts payable

Bank loan payable $($current portion$)$

Bank loan payable $($noncurrent portion$)$

Common shares

Retained earnings

Total liabilities and shareholders' equity

$46,000$

$20,000$

$91,000$

$60,000$

$139,000$

$356,000$

$

$36,000$

$10,000$

$71,000$

$55,000$

$78,000$

$250,0001$ Net income was $$61,000$

$2.$ Depreciation expense was $$23,000.$

$3.$ Payments made to the bank pertaining to the bank loan were $$10,000.$ The company obtained some new bank loans during the year.

$4.$ Common shares were issued during the year and the company did not buy back any shares.

$5.$ During the year, the company did not sell any furniture.

$($a$)$

Prepare a statement of cash flows using the indirect method for $2021.($Show amounts that decrease cash flow with either a $-$ sign eg$.$

$-15,000$ or in parenthesis$$e$$g$.(15,000).)$