Carla Vista Ltd., which follows ASPE had the following comparative statement of financial position:

Carla Vista Ltd. Comparative Statement of Financial Position December 31
Assets			2021				2020
Cash			$	80,100			$	48,000
Accounts receivable				136,000				99,500
Inventory				80,300				121,300
Prepaid insurance				9,400				7,100
Equipment				305,000				257,000
Accumulated depreciationequipment				(74,800	)			(53,900	)
Patents				81,200				99,200
	Total assets		$	617,200			$	578,200
Liabilities and Shareholders Equity
Accounts payable			$	90,500			$	78,800
Notes payable				7,600				12,100
Salaries and wages payable				15,300				7,800
Income taxes payable				16,900				21,300
Long-term note payable				108,000				126,200
Common shares				267,900				267,900
Retained earnings				111,000				64,100
	Total liabilities and shareholders equity		$	617,200			$	578,200

Additional information:

1.		Net income for the fiscal year was $52,500.
2.		Equipment that cost $40,300 and was 70% depreciated was sold during 2021, for a gain of $3,500.
3.		No patents were purchased or sold during the fiscal year.
4.		The current Notes Payable are trade payables issued by Carla Vista Ltd. for the purchase of inventory.

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

Carla Vista Ltd. Statement of Cash Flows For the Year Ended December 31, 2021For the Month Ended December 31, 2021December 31, 2021