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The comparative unclassified statement of financial position for Crane Ltd. follows:

CRANELTD. Statement of Financial Position December 31
Assets		2021			2020
Cash		$51,000			$23,000
Accounts receivable		86,000			75,500
Inventory		170,000			180,000
Estimated inventory returns		5,000			4,000
Long-term investments		74,000			130,000
Equipment		265,000			154,000
Accumulated depreciation		(77,000	)		(30,000	)
Total assets		$574,000			$536,500
Liabilities and Shareholders Equity
Accounts payable		$21,000			$ 47,500
Refund liability		9,000			5,000
Bank loan payable (noncurrent)		142,000			172,000
Common shares		201,000			177,000
Retained earnings		201,000			135,000
Total liabilities and shareholders equity		$574,000			$536,500

Additional information pertaining to 2021:

1.		Net income was $125,700.
2.		Sales were $1,000,000.
3.		Cost of goods sold was $751,000.
4.		Operating expenses were $40,000, exclusive of depreciation expense.
5.		Depreciation expense was $47,000.
6.		Interest expense was $15,000.
7.		Income tax expense was $27,000.
8.		Long-term investments were sold at a gain of $5,700.
9.		No equipment was sold during the year.
10.		$30,000 of the bank loan was repaid during the year.
11.		Common shares were issued for $24,000.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000).)

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