HAWK Inc.s comparative balance sheets for December 31, 2021 and 2020, and its income statement for the year ended December 31, 2021 are as follows:

HAWK Ltd.
Statement of Financial Position
As at December 31
	2021	2020
Current assets
Cash	$62,000	$40,000
Accounts receivable	167,000	141,000
Merchandise inventory	156,000	178,000
Prepaid expenses	19,000	16,000
	404,000	375,000
Long-term investments	360,000	220,000
Equipment	1,240,000	1,150,000
Accumulated depreciation	(780,000)	(740,000)
	460,000	410,000
	$1,224,000	$1,005,000
Current liabilities
Accounts payable	$173,000	$120,000
Dividends payable	30,000	35,000
Income taxes payable	24,000	20,000
	227,000	175,000
Bonds payable	578,000	500,000
Shareholders' Equity
Common shares	240,000	200,000
Retained earnings	179,000	130,000
	419,000	330,000
	$1,224,000	$1,005,000

Additional information for 2021:

1. Investments were purchased during the year for cash (no investments were sold during the year).

2. HAWK sold equipment that had originally cost $50,000 (and that had a net book value of $35,000) during 2021 resulting in a gain on sale of $10,000.

3. There were no common shares or bonds repurchased or retired in 2013.

REQUIRED

Prepare in good form the Cash Flow from Operations section of the Statement of Cash Flow, using the indirect method.

HAWK Ltd. Statement of Income For the Year Ended December 31, 2013