The comparative unclassified statement of financial position for Oriole Ltd. follo ORIOLE LTD. Statement of Financial Position December 31 Assets 2018 2017 Cash $53,000 $22,000 Accounts receivable 88,000 61,500 Inventory 182,000 193,500 Long-term investments 74,000 100,000 Equipment 300,000 182,000 Accumulated depreciation (64,000) (34,000) Total assets $633,000 $525,000 Liabilities and Shareholders' Equity Accounts payable $39,000 Bank loan payable 204,000 Common shares 195,000 Retained earnings 195,000 Total liabilities and shareholders' equity $633,000 $ 45,000 173,000 171,000 136,000 $525,000 Additional information: 1. Net income was $119,000. 2. Sales were $984,000. 3. Cost of goods sold was $753,000. Operating expenses were $43,000, exclusive of depreciation expense. 5. Depreciation expense was $30,000. 6. Interest expense was $14,000. 7. Income tax expense was $30,000. 8. Long-term investments were sold at a gain of $5,000. 9. No equipment was sold during the year. 10. $31,000 of the bank loan was repaid during the year. 11. Common shares were issued for $24,000. Prepare a statement of cash flows using the indirect method. (Show amounts that decreased ORIOLE LTD. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to