Information from the statement of financial position and statement of income is given below for Martinez Road Inc., a company following IFRS, for the year ended December 31. Martinez Road has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities.

Comparative Statement of Financial Position, at December 31
			2020			2019
Cash			$94,900			$47,550
Accounts receivable			91,900			37,100
Inventory			124,500			104,650
Investments in land			92,400			115,000
Property, plant, and equipment			292,000			215,000
Accumulated depreciation			(48,800	)		(40,000	)
			$646,900			$479,300
Accounts payable			$53,500			$48,380
Accrued liabilities			12,300			19,130
Notes payable			134,000			72,000
Common shares			260,000			208,000
Retained earnings			187,100			131,790
			$646,900			$479,300
Statement of Income, year ended December 31, 2020
Revenues
	Sales revenue					$289,410
	Gain on disposal of investment in land					5,000
	Gain on disposal of equipment					8,950
						303,360
Expenses
	Cost of goods sold		$98,360
	Depreciation expense		56,900
	Operating expenses		14,700
	Income tax expense		38,300
	Interest expense		2,720			210,980
Net income						$92,380

Additional information:

1.		Investments in land were sold at a gain during 2020.
2.		Equipment costing $58,000 was sold for $18,850, 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.

Prepare a statement of cash flows for the year ended December 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).)

Note X: Significant non-cash investing and financing activities: Equipment with a cost of $ was exchanged for common shares. Supplemental disclosures of cash flow information: Cash paid during the year for