The comparative statement of financial position for Oriole Retailers Ltd. follows: ORIOLERETAILERS LTD. Statement of Financial Position December 31 Assets 2021 Cash $ 0 Accounts receivable 81,000 Inventory 221,000 Furniture 133,000 Accumulated depreciation (37,000) Total assets $ 398,000 2020 $ 23.000 54.000 171.000 165,000 (50,000) $363.000 $ $ Liabilities and Shareholders' Equity Bank overdraft Accounts payable Bank loan payable Inoncurrent) 7.000 65.000 93,000 0 45.000 108.000 Liabilities and Shareholders' Equity Bank overdraft Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders' equity $ 7,000 65.000 93,000 54,000 179,000 $ 398,000 45,000 108,000 64,000 146,000 $ 363,000 Additional information regarding 2021: 1. 2 3. 4. Net income was $38,000. Depreciation expense was $15,000. During the year, the company did not receive any new bank loans. During the year, the company did not purchase furniture but did sell some furniture for $8.000, which resulted in a gain on disposal of $4,000, No common shares were issued during the year but some were repurchased at the cost at which they were originally issued. During the year, the company paid all dividends declared. 5. 6. 6. During the year, the company paid all dividends declared. (a) Prepare a statement of cash flows using the indirect method for 2021. (Show amounts that decrease cash flow with either a signe -15,000 or in parenthesis es. (15,000)) ORIOLE RETAILERS LTD. Statement of Cash Flows Adjustments to reconcile net income to $