The comparative unclassified statement of financial position for Puffy Ltd. follows: PUFFY LTD. Statement of Financal Position Assets Cash Accounts receivable Merchandise inventory Land Equipment Accumulated depreciation Total assets 2015 2014 $58,910 $21,540 70,440 182,130 187,670 70,500 100,110 263,300 201,530 66,620) _(31.650) $584,280 $549,640 76,060 Liabilities and Shareholders' Equity Accounts payable Bank loan payable Common shares Retained earnings Total liabilities and shareholders' equity $584,280$549,640 $38,080 46,610 140,420 196,240 201,430 174,390 204,350 132,400 Additional information: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Profit was $113,600 Sales were $977,410 Cost of goods sold was $752,230 Operating expenses were $42,250, exclusive of depreciation expense Depreciation expense was $34,970 Interest expense was $13,550 Income tax expense was $26,740 Land was sold at a gain of $5,930 No equipment was sold during the year $55,820 of the bank loan was repaid during the year Common shares were issued for $27,040 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).)