The comparative, unclassified statement of financial position for Ivanhoe Ltd. shows the following balances at December 31:

Ivanhoe Ltd. Statement of Financial Position December 31
Assets		2018			2017
Cash		$ 16,000			$ 38,000
Term deposits (maturing in 60 days)		0			46,000
Accounts receivable		77,000			40,000
Inventory		104,000			68,000
Land		187,000			234,000
Buildings		908,000			529,000
Accumulated depreciationbuildings		(134,000	)		(188,000	)
Equipment		96,000			67,000
Accumulated depreciationequipment		(39,000	)		(21,000	)
Total assets		$1,215,000			$813,000
Liabilities and Shareholders Equity
Accounts payable		$ 27,000			$ 74,000
Income tax payable		4,000			6,000
Interest payable		22,000			15,000
Bank loan payablecurrent portion		50,000			42,000
Bank loan payablenon-current portion		902,000			421,000
Common shares		157,000			182,000
Retained earnings		53,000			73,000
Total liabilities and shareholders equity		$1,215,000			$813,000

Additional information regarding 2018:

1.		Net income was $13,000.
2.		A loss of $22,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year.
3.		A gain on the disposal of $19,000 was recorded when old building was sold for was sold for $40,000 cash. A new building was purchased for $500,000 and depreciation expense on buildings for the year was $46,000.
4.		Equipment costing $75,000 was purchased while a loss of $11,000 was recorded on equipment that originally cost $46,000 and was sold for $22,000.
5.		The company received $514,000 from new bank loans during the year.
6.		Dividends were declared and paid during the year.
7.		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 approach.

I have also tried entering repayments of bank loans = (33,000) and it is uncorrect. What am I doing wrong?

IVANHOE LTD. Statement of Cash Flows-Indirect Method Year Ended December 31, 2018 7 T Cash flows from operating activities : T 13000 Net income Adjustments to reconcile net income to T Net cash provided by operating activities : T Loss on disposal of land Gain on disposal of building 22,000 (19,000) 77,000 7000 T Depreciation expense Increase in interest payable T T Loss on disposal of equipment 11,000 T Increase in accounts receivable 1 T (37.000) T Increase in inventory T (36,000) T Decrease in accounts payable (47,000) T Decrease in income tax payable : (2000) (24,000) T Net cash used by operating activities : 1 (11,000) T Cash flows from investing activities : T Proceeds from disposal of land + 25,000 T Proceeds from disposal of building 40,000 (500,000) T Purchase of building T Purchase of equipment (75,000) T Proceeds from disposal of equipment: 22,000 Net cash used by investing activities (488,000) TCash flows from financing activities : 1 Additions to bank loan 514,000 T Repayments of bank loan (26,000) T Dividends paid (33,000) T Repurchase of common shares T (25,000) T Net cash provided by financing activities : 430,000 Net decrease in cash (22,000) Cash and cash equivalents, January 1 38,000 I Cash and cash equivalents, December 31 16,000