Exercise 22-15 (c) (indirect method)

Bramble 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. The comparative statement of financial position and income statement for Bramble as of May 31, 2017, are as follows:

BRAMBLE INC. Statement of Financial Position As at May 31
Current assets			2017		2016
	Cash		$34,840		$20,170
	Accounts receivable		77,490		56,290
	Inventory		188,310		199,460
	Prepaid expenses		8,900		7,790
	Total current assets		309,540		283,710
	Plant assets		596,500		505,500
	Less: Accumulated depreciation		150,170		122,170
	Net plant assets		446,330		383,330
	Total assets		$755,870		$667,040
Current liabilities
	Accounts payable		$119,690		$115,690
	Salaries and wages payable		60,940		72,790
	Interest payable		26,130		23,060
	Total current liabilities		206,760		211,540
	Mortgage payable		78,000		104,000
	Total liabilities		284,760		315,540
Shareholders equity
	Common shares		336,750		280,000
	Retained earnings		134,360		71,500
	Total shareholders equity		471,110		351,500
	Total liabilities and shareholders equity		$755,870		$667,040

BRAMBLE INC. Income Statement For the Year Ended May 31, 2017
Sales			$	1,322,150
Cost of goods sold				803,000
Gross margin				519,150
Expenses
	Salaries and wages expense			193,000
	Interest expense			66,400
	Other operating expenses			24,600
	Depreciation expense			28,000
Total operating expenses				312,000
Operating income				207,150
	Income tax expense			65,600
Net earnings			$	141,550

The following is additional information about transactions during the year ended May 31, 2017 for Bramble Inc., which follows IFRS.

1.		Plant assets costing $91,000 were purchased by paying $53,000 in cash and issuing 5,000 common shares.
2.		The other expenses relate to prepaid items.
3.		In order to supplement its cash, Bramble issued 4,000 additional common shares.
4.		There were no penalties assessed for the repayment of mortgage.
5.		Cash dividends of $78,690 were declared and paid at the end of the fiscal year.

Using the indirect method, calculate only the net cash flow from operating activities for Bramble Inc. for the year ended May 31, 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)