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

SHERIDANRETAILERS LTD. Statement of Financial Position December 31
Assets		2021				2020
Cash		$	0			$	21,000
Accounts receivable			72,000				47,000
Inventory			218,000				171,000
Furniture			134,000				164,000
Accumulated depreciation			(35,000	)			(45,000	)
Total assets		$	389,000			$	358,000
Liabilities and Shareholders’ Equity
Bank overdraft		$	5,000			$	0
Accounts payable			65,000				48,000
Bank loan payable (noncurrent)			90,000				105,000
Common shares			49,000				59,000
Retained earnings			180,000				146,000
Total liabilities and shareholders’ equity		$	389,000			$	358,000

Additional information regarding 2021:

1.		Net income was $39,000.
2.		Depreciation expense was $16,000.
3.		During the year, the company did not receive any new bank loans.
4.		During the year, the company did not purchase furniture but did sell some furniture for $6,000, which resulted in a gain on disposal of $2,000.
5.		No common shares were issued during the year but some were repurchased at the cost at which they were originally issued.
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 - sign e.g. -15,000 or in parenthesis e.g. (15,000).)