Culver Inc., a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The company is currently preparing its statement of cash flows and follows the policy of classifying interest paid as operating cash flows and dividends paid as financing cash flows. The comparative statement of financial position and income statement for Culver as of May 31, 2020, are as follows: CULVER INC. Statement of Financial Position As at May 31 Current assets 2020 2019 Cash $35,150 $20,210 Accounts receivable 77,250 56,050 Inventory 189,070 199,970 Prepaid expenses 8,810 7,760 Total current assets 310,280 283,990 Plant assets 601,500 509,500 Less: Accumulated depreciation 150,210 122,210 Net plant assets 451,290 387,290 Total assets $761,570 $671,280 Current liabilities Accounts payable $120,450 $115,450 Salaries and wages payable 61,160 72,760 Interest payable 26,470 23,570 Total current liabilities 208,080 211,780 Mortgage payable 82,600 108,000 Total liabilities 290,680 319,780 Shareholders' equity Common shares 336,150 280,000 Retained earnings 134,740 71,500 Total shareholders' equity 470,890 351,500 Total liabilities and shareholders' equity $761,570 $671,280 CULVER INC. Income Statement For the Year Ended May 31, 2020 Sales $ 1,330,190 Cost of goods sold 804,000 Gross margin 526,190 Expenses Salaries and wages expense 200,000 Interest expense 65,600 24,200 Other operating expenses Depreciation expense 28,000 Total operating expenses 317,800 Operating income 208,390 Income tax expense 66,400 Net earnings $ 141,990 The following is additional information about transactions during the year ended May 31, 2020, for Culver Inc., which follows IFRS. 1. Plant assets costing $92,000 were purchased by paying $53,000 in cash and issuing 5,000 common shares. 2. The other expenses" relate to prepaid items. In order to supplement its cash, Culver issued 4,000 additional common shares. 3. 4. There were no penalties assessed for the repayment of the mortgage. Cash dividends of $78,750 were declared and paid at the end of the fiscal year. 5. Using the indirect method, calculate only the net cash flow from operating activities for Culver Inc. for the year ended May 31, 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash operating activities $