Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2014. Avatar Company Balance Sheet December 31, 2014 2014 Cash Accounts receivable Inventory Property, Plant & Equipment (net) Total assets $ 21,000 31,000 53,000 120,000 $ 225.000 2013 $ 18,000 35,000 25,000 90,000 $ 168.000 Change $ 3,000 (4,000) 28,000 30,000 $ 57.000 Accounts payable Accrued liabilities Long-term notes payable Total liabilities $ 4,000 2,000 84,000 $ 90,000 $ 6,000 1,000 90,000 $ 97,000 $ (2,000) 1,000 (6,000) $ (7,000) Common shares Retained earnings Total equity $ 42,000 93,000 $ 135,000 $ 17,000 54,000 $71,000 $ 25,000 39,000 $ 64,000 Total liabilities and equity $ 225,000 $168.000 $ 57.000