The Statements of Financial Position for RBG Ltd. for the two most recent years are as presented below. During the year, RBG's net income was $62,000. Dividends were declared during the year. Common shares were issued this year, and share repurchases of $40,000 were made at the price the shares were originally issued. RBB took out $302.000 of new bank loans during the year. Other information relating to Property, Plant & Equipment: A gain of $6,000 was recorded on the disposal of land. No land was purchased during the year. A gain of $78,000 was recorded when an old building was sold for $90,000 cash. A new building was purchased for $565,000 and depreciation expense on buildings was $56,000 for the year. New equipment was purchased during the year. Old equipment originally costing $35,000 was sold at a loss of $9,000 on the second last day of the year. This equipment had accumulated depreciation of $8,000. Statement of Financial Position as at: Cash Marketable securities, share portfolio Accounts receivable (net) Inventory Land Buildings Accumulated depreciation - Buildings Dec. 31 2020 Dec. 31 2019 $8,000 $41,000 50,000 52,000 60,000 77,000 81,000 200,000 220,000 943,000 466,000 (130,000) (150,000) Increase (Decrease) ($33,000) 50,000 (8,000) (4,000) (20,000) 477,000 20,000 Accumulated depreciation - Buildings Equipment Accumulated depreciation - Equipment Total Assets (130,000) 190,000 (36,000) $1,354,000 (150,000) 80,000 120,000) $778,000 20,000 110,000 (16,000) Accounts payable Wages payable Dividends payable Long-term bank loan Common shares Retained earnings Total Liabilities & Shareholders' Equity $96,000 16,000 1,000 725,000 396,000 120,000 $1,354,000 $78,000 8,000 2,000 458,000 172,000 60,000 $778,000 $18,000 8,000 (1,000) 267,000 224,000 60,000 Required: 1. Prepare the statement of cash flows, using the indirect method. 2. How well did RBG manage its current assets and liabilities? 3. Comment on RBG's dividend payout ratio