Comparative SFP accounts of Crane Limited, which follows IFRS, appear below:

CRANE LIMITED Statement of Financial Position Accounts December 31, 2020 and 2019
Debit balances				2020			2019
Cash				$82,400			$54,000
FV-NI investments				58,200			79,200
Accounts receivable				141,500			122,000
Inventory				75,400			61,400
Deferred tax asset				9,050			13,000
Equipment				70,000			48,000
Building				136,300			136,300
Land				39,500			24,500
				$612,350			$538,400
Credit balances
Allowance for doubtful accounts				$14,020			$11,970
Accumulated depreciationequipment				22,150			15,200
Accumulated depreciationbuildings				37,200			28,200
Accounts payable				74,350			61,850
Income tax payable				11,000			9,050
Long-term notes payable				62,750			70,750
Accrued pension liability				6,650			9,150
Common shares				302,900			252,900
Retained earnings				81,330			79,330
				$612,350			$538,400

Data from Cranes 2020 income statement follow:

Sales						$975,000
Less: Cost of goods sold						603,000
Gross profit						372,000
Less: Operating expensees (includes depreciation and bad debt expense)						269,000
Income from operations						103,000
Other revenues and expenses
Interest expense			$(9,050	)
Gain on FV-NI investments			24,000
Loss on disposal of equipment			(3,000	)		11,950
Income before tax						114,950
Income tax						44,700
Net income						$70,250

Additional information:

1.		Equipment that cost $10,000 and was 40% depreciated was sold in 2020.
2.		Cash dividends were declared and paid during the year.
3.		Common shares were issued in exchange for land. No other land was acquired or disposed of during the year. Common shares were also issued for equipment purchases in the amount of $20,000.
4.		FV-NI investments that had cost $34,950 and had a fair value of $37,000 at December 31, 2019, were sold during the year for proceeds of $50,000, resulting in a realized gain of $13,000. Crane also had unrealized gains during the year of $11,000. Additional purchases of FV-NI investments were made during 2020.
5.		Cost of goods sold includes $115,000 of direct labour and benefits and $11,700 of pension costs. Operating expenses include $76,000 of salaries and wages and $8,000 of pension expense.
6.		Crane has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities on the statement of cash flows.
7.		No accounts receivable were written off during the year.

(a)

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