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

Sandhill Ltd. Statement of Financial Position December 31
Assets		2018			2017
Cash		$ 11,000			$ 39,000
Term deposits (maturing in 60 days)		0			44,000
Accounts receivable		82,000			42,000
Inventory		106,000			74,000
Land		183,000			231,000
Buildings		916,000			527,000
Accumulated depreciationbuildings		(140,000	)		(192,000	)
Equipment		104,000			73,000
Accumulated depreciationequipment		(55,000	)		(24,000	)
Total assets		$1,207,000			$814,000
Liabilities and Shareholders Equity
Accounts payable		$ 19,000			$ 74,000
Income tax payable		3,000			5,000
Interest payable		20,000			14,000
Bank loan payablecurrent portion		52,000			41,000
Bank loan payablenon-current portion		903,000			421,000
Common shares		155,000			180,000
Retained earnings		55,000			79,000
Total liabilities and shareholders equity		$1,207,000			$814,000

Additional information regarding 2018:

1.		Net income was $13,000.
2.		A loss of $24,000 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 $15,000 was recorded when old building was sold for was sold for $41,000 cash. A new building was purchased for $510,000 and depreciation expense on buildings for the year was $43,000.
4.		Equipment costing $74,000 was purchased while a loss of $15,000 was recorded on equipment that originally cost $43,000 and was sold for $24,000.
5.		The company received $518,000 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. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)