The comparative unclassified statement of financial position for Cullumber Ltd. follows:

CULLUMBERLTD. Statement of Financial Position December 31
Assets		2021			2020
Cash		$55,000			$22,000
Accounts receivable		83,000			75,500
Inventory		170,000			176,500
Estimated inventory returns		7,000			5,000
Long-term investments		76,000			125,000
Equipment		250,000			188,000
Accumulated depreciation		(75,000	)		(30,000	)
Total assets		$566,000			$562,000
Liabilities and Shareholders Equity
Accounts payable		$27,000			$ 41,000
Refund liability		5,000			4,000
Bank loan payable (noncurrent)		104,000			209,000
Common shares		215,000			170,000
Retained earnings		215,000			138,000
Total liabilities and shareholders equity		$566,000			$562,000

Additional information pertaining to 2021:

1.		Net income was $109,000.
2.		Sales were $984,000.
3.		Cost of goods sold was $759,000.
4.		Operating expenses were $43,000, exclusive of depreciation expense.
5.		Depreciation expense was $45,000.
6.		Interest expense was $12,000.
7.		Income tax expense was $22,000.
8.		Long-term investments were sold at a gain of $6,000.
9.		No equipment was sold during the year.
10.		$105,000 of the bank loan was repaid during the year.
11.		Common shares were issued for $45,000.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000).)

CULLUMBORILTA. Statement of Cash Flowe-indirect Mathed Brad Duane 2008 Saradaalani annana OR