The comparative statement of financial position for Charmaine Retailers Ltd. follows CHARMAINE RETAILERS LTD. Statement of Financial Position December 31 Assets Cash Accounts receivable Merchandise inventory Furniture Accumulated depreciation Total assets 2014 42,840 81,600 2015 $ 18,360 $ 9,180 171,360 145,860 (45,900 (24,480 51,000 166,260 $361,080 $255,000 Liabilities and Shareholders' Equity Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders' equity $361,080 $ 45,900 $ 35,700 77,520 61,200 56,100 148,92085,680 $255,000 105,060 Additional information 1. Profit was $63,240 in 2015 2. Depreciation expense was $21,420 in 2015 3. Payments made to the bank pertaining to the bank loan were $10,200 in 2015. Some new loans were obtained that year 4. Common shares were issued in 2015 and no shares have been bought back by the company 5. In 2015, no furniture was sold Prepare a statement of cash flows using the indirect method for 2015. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).)