Culver Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2020:

CULVER INC. Comparative Statement of Financial Position December 31
			2020			2019
Cash			$47,775			$25,090
Accounts receivable			57,930			51,030
Inventory			39,990			60,070
Prepaid rent			5,210			4,100
Equipment			161,990			130,120
Accumulated depreciationequipment			(35,210	)		(25,100	)
Goodwill			28,000			68,000
	Total assets		$305,685			$313,310
Accounts payable			$46,190			$40,120
Income tax payable			3,990			6,070
Salaries and wages payable			8,090			4,090
Shortterm loans payable			7,930			10,030
Longterm loans payable			68,000			87,000
Common shares			130,000			130,000
Retained earnings			41,485			36,000
	Total liabilities and shareholders equity		$305,685			313,310

CULVER INC. Income Statement Year Ending December 31, 2020
Sales revenue					$348,490
Cost of goods sold					165,000
Gross margin					183,490
Operating expenses					120,000
Operating income					63,490
Interest expense		$12,100
Impairment lossgoodwill		40,000
Gain on disposal of equipment		(2,400	)		49,700
Income before income tax					13,790
Income tax expense					4,105
Net income					$9,685

Additional information:

1.		Dividends on common shares in the amount of $4,200 were declared and paid during 2020. Dividends paid are treated as financing activities.
2.		Depreciation expense is included in operating expenses, as is salaries and wages expense of $70,000.
3.		Equipment with a cost of $36,000 that was 70% depreciated was sold during 2020.

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