The comparative, unclassified statement of financial position for Crane Ltd. shows the following balances at December 31: Crane Ltd. Statement of Financial Position December 31 Assets 2024 2023 Cash $50,000 $0 Accounts receivable 29,000 41,000 Inventory 33,000 58,000 Land 100,000 112,000 Buildings 518,000 260,000 Accumulated depreciation-buildings (63,000) (98,000) Equipment 69,000 36,000 Accumulated depreciation-equipment (16,000) (12,000) Total assets $720,000 $397,000 Liabilities and Shareholders' Equity Bank indebtedness $0 $12,000 Accounts payable 52,000 30,000 Income tax payable Interest payable Dividends payable 3,000 2,000 4,000 5,000 3,000 1,000 Bank loan payable-current portion 31,000 22,000 Bank loan payable-non-current portion 371,000 201,000 Common shares 199,000 90,000 Retained earnings 57,000 34,000 Total liabilities and shareholders' equity $720,000 $397,000 Additional information regarding 2024: 1. Net income was $60,000. 2 A gain of $8,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 3. 4. A gain on disposal of $36,000 was recorded when an old building was sold for $52,000 cash. A new building was purchased for $362,000 and depreciation expense on buildings for the year was $53,000, Equipment costing $62,000 was purchased while a loss of $9,000 was recorded on equipment that was sold for $5,000. The equipment that was sold late in the year had accumulated depreciation of $15,000. 5. The company took out $213,000 of new bank loans during the year. Dividends were declared and paid and no common shares were bought back by the company. (a) Prepare the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).)