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

Sunland Ltd. Statement of Financial Position December 31
Assets		2018			2017
Cash		$ 18,000			$ 38,000
Term deposits (maturing in 60 days)		0			42,000
Accounts receivable		78,000			39,000
Inventory		108,000			73,000
Land		176,000			227,000
Buildings		910,000			521,000
Accumulated depreciationbuildings		(142,000	)		(194,000	)
Equipment		100,000			70,000
Accumulated depreciationequipment		(44,000	)		(20,000	)
Total assets		$1,204,000			$796,000
Liabilities and Shareholders Equity
Accounts payable		$ 27,000			$ 75,000
Income tax payable		2,000			5,000
Interest payable		21,000			14,000
Bank loan payablecurrent portion		53,000			43,000
Bank loan payablenon-current portion		910,000			423,000
Common shares		157,000			182,000
Retained earnings		34,000			54,000
Total liabilities and shareholders equity		$1,204,000			$796,000

Additional information regarding 2018:

1.		Net income was $12,000.
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.		A gain on the disposal of $18,000 was recorded when old building was sold for was sold for $45,000 cash. A new building was purchased for $510,000 and depreciation expense on buildings for the year was $42,000.
4.		Equipment costing $72,000 was purchased while a loss of $11,000 was recorded on equipment that originally cost $42,000 and was sold for $25,000.
5.		The company received $522,000 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