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

The comparative, unclassified statement of financial position for Oriole Ltd. shows the following balances at December 31 Oriole Ltd. Statement of Financial Position December 31 2018 Assets Cash Term deposits (maturing in 60 days) Accounts receivable Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total assets Liabilities and Shareholders' Equity Accounts payable Income tax payable Interest payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings Total liabilities and shareholders' equity $1,216,000 2017 $11,000 38,000 43,000 38,000 70,000 182,000 235,000 931,000 522,000 0 77,000 102,000 (138,000) 189,000) 101,000 70,000 (50,000) 25,000) $1,216,000 802,000 $31,000 $74,000 6,000 13,000 42,000 901,000 423,000 182,000 62,000 802,000 4,000 19,000 51,000 167,000 43,000 Additional information regarding 2018: 1. Net income was $15,000. 2. A loss of $25,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 3. Again on the disposal of $ 19,000 was recorded when old building was sold for was sold for $45,000 cash. A new building was purchased for 530,000 and depreciation expense on buildings for the year was $44,000. Equipment costing $ 75,000 was purchased while a loss of $13,000 was recorded on equipment that originally cost $44,000 and was sold for$ 25,000 The company received $ 512,000 from new bank loans during the year. Dividends were declared and paid during the year No common shares were issued during the year but some were bought back and retired at the amount they were originally issued at. 4. 5. 6. 7. Prepare the statement of cash flows using the indirect approach. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000)) ORIOLE LTD. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to Net cash provided by investing activities Purchase of land Cash flows from financing activities