Information from the Balance Sheet and Statement of Income are given below for Ayayai Inc., a private company reporting under ASPE, for the year ended December 31.

Comparative Balance Sheet
		2021			2020
Cash		$ 80,450			$ 47,150
Accounts receivable		90,900			37,150
Inventory		123,200			103,550
Investments in land		86,300			108,150
Property, plant, and equipment		286,400			202,000
Accumulated depreciation		(49,760)			(40,000)
		$617,490			$458,000
Accounts payable		$53,900			$49,610
Accrued expenses payable		12,900			19,210
Bonds payable		140,000			75,000
Common shares		250,000			205,000
Retained earnings		160,690			109,180
		$617,490			$458,000
Revenues
Sales					$291,500
Gain on disposal of equipment					8,250
					299,750
Expenses
Cost of goods sold		$ 96,150
Depreciation expense		57,100
Operating expenses		15,270
Income tax expense		37,800
Interest expense		2,910			209,230
Profit					$ 90,520

Additional Information:
1.		Investments in land were sold at cost during 2021.
2.		Equipment costing $56,400 was sold for $17,310, resulting in a gain.
3.		Common shares were issued in exchange for some equipment during the year. No other shares were issued.
4.		The remaining purchases of equipment were paid for in cash.

a. Prepare a Cash Flow Statement for the year ended December 31, 2021 using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000 or in parenthesis e.g. (45,000).)

b. Significant noncash investing and financing activities: Equipment with a cost of $ ( ) was exchanged for common shares.