Information from the statement of financial position and statement of income is given below for Culver Road Inc., a company following IFRS, for the year ended December 31. Culver 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			$80,700			$48,050
Accounts receivable			92,100			37,700
Inventory			125,200			105,650
Investments in land			86,500			110,000
Property, plant, and equipment			293,000			213,000
Accumulated depreciation			(49,300	)		(40,000	)
			$628,200			$474,400

Comparative Statement of Financial Position, at December 31
			2020			2019
Cash			$80,700			$48,050
Accounts receivable			92,100			37,700
Inventory			125,200			105,650
Investments in land			86,500			110,000
Property, plant, and equipment			293,000			213,000
Accumulated depreciation			(49,300	)		(40,000	)
			$628,200			$474,400
Accounts payable			$53,600			$48,980
Accrued liabilities			11,900			19,630
Notes payable			138,000			73,000
Common shares			240,000			203,000
Retained earnings			184,700			129,790
			$628,200			$474,400

Statement of Income, year ended December 31, 2020
Revenues
	Sales revenue					$289,010
	Gain on disposal of investment in land					5,000
	Gain on disposal of equipment					8,930
						302,940

Expenses
	Cost of goods sold		$97,760
	Depreciation expense		57,400
	Operating expenses		14,720
	Income tax expense		38,100
	Interest expense		2,680			210,660
Net income						$92,280

Additional information:

1.		Investments in land were sold at a gain during 2020.
2.		Equipment costing $56,900 was sold for $17,730, 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.

Adjustments to reconcile net income to net cash provided by operating activities:

Note X: Significant non-cash investing and financing activities: Equipment with a cost of $enter a dollar amount.............. was exchanged for common shares.

Supplemental disclosures of cash flow information:

Cash paid during the year for: