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The comparative; unciassified statement nf finan-iat mowiw.. s... ne isisulilikings the following balances at December 31 : Additional information regarding 2021: 1. Net incorne was

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The comparative; unciassified statement nf finan-iat mowiw.. s... ne isisulilikings the following balances at December 31 : Additional information regarding 2021: 1. Net incorne was 511,000 2. Trading investments consist of term deposits, which are short-term, highly liquid debt imves tments maturine in this case, in 60 days. 3. Aloss of $25,000 was recorded on the disposal of a small parcel of land. No land was purchased durmg the year. 4. A gain on disposal of $18,000 was recorded when an old building was sold for $45,000 cash. A new building was purchased for $525,000 and depreciationi expense on buildings for the year was 545,000 5. Equipment costing $72,000 was purchased while a loss of $13,000 was recorded on ecuipment that originally cost $45,000 and was sold for $25,000. 6. The company recelved $513.000 from new bank loans during the year. 1. Net income was $11,000. 2. Trading investments consist of term deposits, which are short-term, highly liquid debt investments maturing in this case in 60 days. 3. A loss of $25.000 was recorded on the disposal of a small parcel of land No land was purchased during the year. 4. A gain on disposal of $18,000 was recorded when an old building was sold for 545,000 cash. A new building was purchased for $525,000 and depreciation expense on buildings for the year was $25,000 5. Equipment costing $72,000 was purchased while a loss of $13,000 was recorded on equipment that originally cost $45.000 and was sold for $25,000. 6. The company received $513,000 from new bank loans during the year 7. Dividends were declared and paid during the year. 8. No common shares were issued during the year, but some were bought back and retired at the amount they were originally issued at (a) Prepare the statement of cash flows using the indirect method. (Show amounts that decroase cosh flow with either a 4 isn eg, - 15,000 or in parenthesiseg. (15,000)

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