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The comparative statement of financial position for slossom Retailers Ltd. follows: Liabilities and Shareholders' Equity Additional information regarding 2021: 1. Net income was $31,000. 2.

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The comparative statement of financial position for slossom Retailers Ltd. follows: Liabilities and Shareholders' Equity Additional information regarding 2021: 1. Net income was $31,000. 2. Depreciation expense was $17,000. Additional information regarding 202- 1. Net income was $31,000. 2. Depreciation expense was $1,00. 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 $9,000, which resulted in a gain on disposal of $3,000. 5. No common shares were issued during the year but some were repurchased at the cost at which they m 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 omounts that dec wise cosh flow with either a-sign es. - 15,000 or in parenthesis es. (15,000))

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