Condensed financial data follow for Oriole Ltd. E-Perform reports under ASPE.

ORIOLE LTD. Balance Sheet December 31
Assets		2021		2020
Cash		$134,480		$49,300
Accounts receivable		80,000		41,300
Inventory		120,900		93,950
Prepaid expenses		37,500		27,500
Long-term investments		126,700		112,700
Property, plant, and equipment		272,200		243,100
Accumulated depreciation		(54,900	)	(50,700	)
Total assets		$716,880		$517,150
Liabilities and Shareholders Equity
Accounts payable		$93,800		$79,700
Accrued expenses payable		12,700		8,000
Notes payable		120,400		136,400
Common shares		244,300		182,300
Retained earnings		245,680		110,750
Total liabilities and shareholders equity		$716,880		$517,150

ORIOLE LTD. Income Statement Year Ended December 31, 2021
Sales				$492,900
Cost of goods sold				184,800
Gross profit				308,100
Operating expenses		$59,400
Depreciation expense		46,400
Loss on sale of equipment		7,620		113,420
Profit from operations				194,680
Other expenses
Interest expense				3,620
Profit before income tax				191,060
Income tax expense				43,500
Profit				$147,560

Additional information:
1.		New equipment costing $88,200 was purchased for $24,400 cash and a $63,800 note payable.
2.		Equipment with an original cost of $59,100 was sold at a loss of $7,620.
3.		Notes payable matured during the year and were repaid.
4.		A long-term investment was acquired for cash.

A)Prepare a cash flow statement for the year using the indirect method.

B) Note X: Equipment was purchased by paying $_______ cash and issuing a note payable for $______ .