Graphene Plastics Company imports graphite from Australia for conversion to graphene to make hockey sticks in Canada. As CEO, you are busy preparing a loan application, which asks for a cash flow statement for the most recent fiscal period. You have the following financial information.

GRAPHENE PLASTICS COMPANY Comparative Statement of Financial Position
		Oct. 31, 2020		Oct. 31, 2019
Assets
Cash		$76,300		$79,600
Accounts receivable (net)		120,300		134,600
Inventory		210,700		174,900
Total current assets		407,300		389,100
Equipment		301,200		228,100
Accumulated depreciation		(143,600	)	(171,100	)
Total Assets		$564,900		$446,100
Liabilities and shareholders equity
Current liabilities:
Accounts payable		$80,800		$64,500
Dividends payable		17,000		22,200
Total current liabilities		97,800		86,700
Loan payable		107,900		125,300
Total liabilities		205,700		212,000
Common shares		108,900		108,900
Retained earnings		250,300		125,200
Total shareholders equity		359,200		234,100
Total liabilities and shareholders equity		$564,900		$446,100

GRAPHENE PLASTICS COMPANY Statement of Income For the year ended October 31, 2020
Sales revenue					$608,600
Cost of goods sold					264,600
Gross profit					344,000
Expenses
Wages expense		49,800
Utilities expense		20,200
Depreciation expense		25,200
Rent expense		15,000
Interest expense		9,000
Total expenses					119,200
Loss on sale of equipment					8,900
Net income					$215,900

Additional information: During the year, Graphene sold a piece of its equipment. The equipment sold had originally cost $73,700 and was sold for $12,100.

Using the information above, prepare Graphene's statement of cash flows for the year ended October 31, 2020, 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).) Graphene Plastics Company Statement of Cash Flows, Indirect Method For the Year Ended October 31, 2020 Cash Flows from Operating Activities Net Income $ 215900 Depreciation Expense 25200 Loss on Sale of Equipment Loss on Sale of Equipment Decrease in Accounts Receivable Decrease in Inventory 16300 Cash Flows from Operating Activities $ Cash Flows from Investing Activities Proceeds from the sale of Equipment Cash Flows from Operating Activities $ Cash Flows from Investing Activities Proceeds from the Sale of Equipment - Decrease in Inventory Cash Flows from Investing Activities Cash Flows from Financing Activities Dividend Paid Repayment of Loan Payable Net Change in Cash Cash Flows from Financing Activities $ Net Change in Cash $ Opening Cash Ending Cash $ Net Change in Cash Cash Flows from Financing Activities $ Net Change in Cash ta Opening Cash Ending Cash $ Supplemental Cash Flow information: Cash paid for interest $