The comparative unclassified statement of financial position for Culumber Ltd. follows: Prepare a statement of cash flows using the indirect method. how amounts that decrease cash ow with ei era-s , eg 45,000, or in parenthesis e 45,000 CULLUMBER LTD Statement of Financial Position December 31 CULLUMBER LTD. Statement of Cash Flows-Indirect Method 2018 55,000 $22,000 83,000 74,500 177,000 191,500 76,000 125,000 250,000 188,000 (65,000) (30,000) 2017 Assets Cash Accounts receivable Inventory Long-term investments Equipment Accumulated depreciation Total assets justments to reconcile net income to $576,000 S571,000 Liabilities and Shareholders' Equity Accounts payable Bank loan payable Common shares Retained earnings Total liabilities and shareholders' equity 32,000 45,000 114,000 218,000 215,000 170,000 215,000 138,000 $571,000 $576,000 Additional Information: 1. Net income was$119,000. Sales were $984,000. Cost of goods sold was $ 759,000, Operating expenses were $43,000, exclusive of depreciation expense Depreciation expense was $ 35,000, Interest expense was $ 12,000. Income tax expense was $22,000. Long-term investments were sold at a gain of $ 6,000. No equipment was sold during the year 2. 3. 5. 6. 7. 8. 9. 10. $104,000 of the bankloan was repald during the year 11. Common shares were issued for $45,000