Exercise 13-9 a The comparative statement of financial position for Cullumber Retailers Ltd. follows:

CULLUMBER RETAILERS LTD. Statement of Financial Position December 31
Assets		2018				2017
Cash		$	0			$	18,000
Accounts receivable			75,000				50,000
Inventory			213,000				165,000
Furniture			127,000				160,000
Accumulated depreciation			(36,000	)			(46,000	)
Total assets		$	379,000			$	347,000
Liabilities and Shareholders Equity
Bank overdraft		$	3,000			$	0
Accounts payable			71,000				46,000
Bank loan payable (noncurrent)			89,000				103,000
Common shares			52,000				62,000
Retained earnings			164,000				136,000
Total liabilities and shareholders equity		$	379,000			$	347,000

Additional information:

1.		Net income was $33,000 in 2018.
2.		Depreciation expense was $18,000 in 2018.
3.		In 2018, no new bank loans were received.
4.		In 2018, no furniture was purchased, but some furniture was sold for $9,000, which resulted in a gain on this disposal of $4,000.
5.		No common shares were issued during the year but some were reacquired at the cost at which they were originally issued.
6.		In 2018, dividends were declared and paid.

(a) Prepare a statement of cash flows using the indirect method for 2018. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)