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

IVANHOE RETAILERS LTD. Statement of Financial Position December 31
Assets		2021				2020
Cash		$	22,000			$	8,000
Accounts receivable			49,000				40,000
Inventory			169,000				142,000
Furniture			160,000				79,000
Accumulated depreciation			(51,000	)			(28,000	)
Total assets		$	349,000			$	241,000
Liabilities and Shareholders Equity
Accounts payable		$	42,000			$	30,000
Bank loan payable (current portion)			18,000				12,000
Bank loan payable (noncurrent portion)			83,000				59,000
Common shares			55,000				50,000
Retained earnings			151,000				90,000
Total liabilities and shareholders equity		$	349,000			$	241,000

Additional information regarding 2021:

1.		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.