Additional information regarding $2021$:

Net income was $$38,000.$

Depreciation expense was $$18,000.$

During the year, the company did not receive any new bank loans.

During the year, the company did not purchase furniture but did sell some furniture for $$6,000,$ which resulted in a gain on

disposal of $$2,000.$

No common shares were issued during the year but some were repurchased at the cost at which they were originally

issued.

During the year, the company paid all dividends declared.

$($a$)$

Prepare a statement of cash flows using the indirect method for $2021.($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.$

$-15,000$ or in parenthesis e$.$g$.(15,000).)$