The comparative statement of financial position for Cullumber Retailers Ltd. follows:

CULLUMBER RETAILERS LTD. Statement of Financial Position December 31
Assets		2018				2017
Cash		$	0			$	15,000
Accounts receivable			79,000				51,000
Inventory			221,000				166,000
Furniture			137,000				167,000
Accumulated depreciation			(38,000	)			(49,000	)
Total assets		$	399,000			$	350,000
Liabilities and Shareholders Equity
Bank overdraft		$	13,000			$	0
Accounts payable			67,000				42,000
Bank loan payable (noncurrent)			88,000				102,000
Common shares			55,000				65,000
Retained earnings			176,000				141,000
Total liabilities and shareholders equity		$	399,000			$	350,000

Additional information:

1.		Net income was $40,000 in 2018.
2.		Depreciation expense was $15,000 in 2018.
3.		In 2018, no new bank loans were received.
4.		In 2018, no furniture was purchased, but some furniture was sold for $7,000, which resulted in a gain on this disposal of $3,000.
5.		No common shares were issued during the year but some were reacquired at the cost at which they were originally issued.
6.		In 2018, dividends were declared and paid.

(a) Prepare a statement of cash flows using the indirect method for 2018. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)