The comparative, unclassined statement of financial position for Crane Ltd shows the following balances at December Crane Ltd. Statement of Financial Position December 31 2017 Cash $ 12,000 $38,000 Term deposits (maturing in 60 days) 0 40,000 Accounts receivable 80,000 40,000 Inventory 104,000 68,000 Land 181,000 229,000 Buildings 899,000 $22,000 Accumulated depreciation-buildings (134,000) (188,000) Equipment 105,000 23,000 Accumulated depreciation-equipment (41,000) (21,000) Total assets $1,206,000 $801,000 Liabilities and Shareholders' Equity Accounts payable $ 31,000 $75,000 Income tax payable 6,000 8,000 Interest payable 20,000 14,000 Bank loan payable-current portion 50,000 42.000 Bank loan payable non-current portion 904,000 422,000 Common shares 163,000 183,000 Retained earnings 32.000 52.000 Total liabilities and shareholders' equity $1,200,000 $801,000 Additional information regarding 2018: 1. Net income was $12,000. 2. A loss of $22,000 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 $44,000 cash. A new building was purchased for $500,000 and depreciation expense on buildings for the year was $44.000. 4 Equipment costing $76,000 was purchased while a loss of $11,000 was recorded on equipment that originally cost $44,000 and was sold for $22,000 5. The company received $515,000 from new bank loans during the year. 6. Dividends were declared and paid during the year. 7. Na common shares were issued during the year but some were bought back and retired at the amount they were originally issued at Prepare the statement of cash flows using the indirect approach. [Show amounts that decrease cash flow with ether a sign .g.-15,000 or in parenthesis.. (15,000).) CRANE LTD. Statement of Cash Flows-Indirect Method Year Ended December 31, 2018 : Cash flows from operating activities Adjustments to reconcile net income to Net income 12000 Cash and cash equivalents, December 31