Information from the statement of financial position and statement of income is given below for Pina Road Inc., a company following IFRS, for the year ended December 31. Pina 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			$81,700			$48,050
Accounts receivable			91,800			37,800
Inventory			128,400			108,650
Investments in land			91,900			115,000
Property, plant, and equipment			295,000			212,000
Accumulated depreciation			(48,500	)		(40,000	)
			$640,300			$481,500
Accounts payable			$54,500			$49,080
Accrued liabilities			12,300			19,630
Notes payable			144,000			76,000
Common shares			245,000			208,000
Retained earnings			184,500			128,790
			$640,300			$481,500
Statement of Income, year ended December 31, 2020
Revenues
	Sales revenue					$291,420
	Gain on disposal of investment in land					5,000
	Gain on disposal of equipment					8,870
						305,290
Expenses
	Cost of goods sold		$99,360
	Depreciation expense		56,800
	Operating expenses		14,730
	Income tax expense		38,700
	Interest expense		2,820			212,410
Net income						$92,880

Additional information:

1.		Investments in land were sold at a gain during 2020.
2.		Equipment costing $57,300 was sold for $17,870, 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 the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

PINA ROAD INC. Statement of Cash Flows Direct Method choose the accounting period Year Ended December 31, 2020Month Ended December 31, 2020December 31, 2020
select an opening section name Net Cash Used by Financing ActivitiesNet Decrease in CashNet Cash Provided by Financing ActivitiesCash Flows from Financing ActivitiesCash at End of PeriodNet Increase in CashNet Cash Provided by Operating ActivitiesNet Cash Used by Investing ActivitiesCash Flows from Operating ActivitiesCash at Beginning of PeriodNet Cash Provided by Investing ActivitiesNet Cash Used by Operating ActivitiesCash Flows from Investing Activities
select an item Cash Payments for Income TaxesCash Payments for Depreciation ExpenseCash Payments to SuppliersCash Payments for Operating ExpensesCash Payments for InterestCash Collections from Customers		$enter a dollar amount
select an item Cash Payments for InterestCash Payments for Income TaxesCash Payments for Operating ExpensesCash Collections from CustomersCash Payments to SuppliersCash Payments for Depreciation Expense		enter a dollar amount
select an item Cash Payments for Income TaxesCash Payments to SuppliersCash Payments for Operating ExpensesCash Payments for InterestCash Collections from CustomersCash Payments for Depreciation Expense		enter a dollar amount
select an item Cash Payments to SuppliersCash Collections from CustomersCash Payments for InterestCash Payments for Operating ExpensesCash Payments for Income TaxesCash Payments for Depreciation Expense		enter a dollar amount
select an item Cash Payments for Depreciation ExpenseCash Payments for Income TaxesCash Payments to SuppliersCash Payments for Operating ExpensesCash Payments for InterestCash Collections from Customers		enter a dollar amount
select a closing section name Net Cash Provided by Operating ActivitiesNet Cash Used by Investing ActivitiesNet Decrease in CashNet Cash Provided by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Increase in CashCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesCash at Beginning of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash at End of PeriodNet Cash Used by Financing Activities		$enter a total amount for this section