Following is the comparative statement of financial position for Grouper Corporation:

Following is the comparative statement of financial position for Grouper Corporation: Grouper Corporation Statement of Financial Position As at December 31 Assets 2021 2020 Cash $601,100 $300,400 Accounts receivable 149,800 175,150 Merchandise inventory 751,700 500,750 Prepaid operating expenses 25,450 30,700 FV-NI investments 350,850 250,850 Equipment 1,875,900 1,800,900 Less: Accumulated depreciation (149,650) (80,000) $3,605,150 $2,978,750 Liabilities and Shareholders' Equity Accounts payable $225,600 $200,850 Income tax payable 25,350 30,700 Bonds payable 101,350 250,400 Common shares 1,400,500 1,200,150 Retained earnings 1,852,350 1,296,650 $3,605,150 $2,978,750 During 2021, Grouper Corporation earned a profit of $680,700. Depreciation expense was $114,300. Equipment was sold at a gain of $20,700. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with eitherPartial Statement of Cash Flows For the Year Ended December 31, 2021 Operating Activities Profit X Adjustment to reconcile profit to net cash provided by operating activities: Gain on Disposal of Equipment x Increase in Accounts Receivable x Decrease in Inventory x Increase in Prepaid Expenses X Decrease in Accounts Payable x Increase in Accounts Receivable Increase in Income Tax Payable X Net Cash Provided by Operating Activities EXX Gain on Disposal of Equipment x x Increase in Accounts Receivable X Loss on Disposal of Equipment Decrease in Income Tax Payable Profit Decrease in Inventory Decrease in Accounts Receivable Decrease in Prepaid Expenses Increase in Inventory X Gain on Disposal of Equipment Increase in Accounts Payable X Increase in Income Tax Payable Decrease in Accounts Payable Depreciation Expense X Increase in Accounts Receivable Increase in Prepaid Expenses x Net Cash Provided by Operating Activities