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

SUNLAND RETAILERS LTD. Statement of Financial Position December 31
Assets		2021				2020
Cash		$	25,000			$	11,000
Accounts receivable			46,000				38,000
Inventory			168,000				143,000
Furniture			156,000				76,000
Accumulated depreciation			(39,000	)			(19,000	)
Total assets		$	356,000			$	249,000
Liabilities and Shareholders Equity
Accounts payable		$	45,000			$	35,000
Bank loan payable (current portion)			18,000				12,000
Bank loan payable (noncurrent portion)			86,000				62,000
Common shares			57,000				52,000
Retained earnings			150,000				88,000
Total liabilities and shareholders equity		$	356,000			$	249,000

Additional information regarding 2021:

1.		Net income was $62,000.
2.		Depreciation expense was $20,000.
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. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SUNLAND RETAILERS LTD. Statement of Cash Flows Month Ended December 31, 2021December 31, 2021Year Ended December 31, 2021
Cash, January 1Cash, December 31Cash flows from financing activitiesCash flows from investing activitiesCash flows from operating activitiesNet cash provided by financing activitiesNet cash provided by investing activitiesNet cash provided by operating activitiesNet cash used by financing activitiesNet cash used by investing activitiesNet cash used by operating activitiesNet decrease in cashNet increase in cash