The comparative statement of financial position of Marubeni Corporation for the fiscal year ending December 31, 2014, follows:

Net income of $37,000 was reported and dividends of $13,000 were paid in 2014. New equipment was purchased, and equipment with a carrying value of $5,000 (cost of $ 12,000 and accumulated depreciation of $7,000) was sold for $8,000.
Instructions
Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume that Marubeni prepares financial statements in accordance with ASPE.

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MARUBENI CORPORATION Statement of Financial Position December 31 December 31 2014 $53,000 91,000 27,000 (10,000) $161,000 2013 Assets Cash Accounts receivable Equipment Less: Accumulated depreciation $13,000 88,000 22,000 (11,000) $112,000 Total Liabilities and Shareholders' Equity Accounts payable Common shares Retained earnings 15,000 $ 20,000 100,000 41,000 $161,000 80,000 17,000 $112,000 Total