The comparative unclassified statement of financial position for Sheridan Ltd. follows:

SHERIDANLTD. Statement of Financial Position December 31
Assets		2021			2020
Cash		$58,000			$25,000
Accounts receivable		90,000			81,000
Inventory		178,000			189,000
Estimated inventory returns		5,000			3,000
Long-term investments		79,000			130,000
Equipment		260,000			178,000
Accumulated depreciation		(82,000	)		(39,000	)
Total assets		$588,000			$567,000
Liabilities and Shareholders Equity
Accounts payable		$27,000			$ 51,000
Refund liability		8,000			3,000
Bank loan payable (noncurrent)		147,000			199,000
Common shares		203,000			179,000
Retained earnings		203,000			135,000
Total liabilities and shareholders equity		$588,000			$567,000

Additional information pertaining to 2021:

1.		Net income was $98,100.
2.		Sales were $978,000.
3.		Cost of goods sold was $756,000.
4.		Operating expenses were $46,000, exclusive of depreciation expense.
5.		Depreciation expense was $43,000.
6.		Interest expense was $19,000.
7.		Income tax expense was $21,000.
8.		Long-term investments were sold at a gain of $5,100.
9.		No equipment was sold during the year.
10.		$52,000 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 decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000).)