Martinez Limited, which follows IFRS, has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Condensed financial data for 2020 and 2019 follow (in thousands):

MARTINEZ LIMITED Comparative Statement of Financial Position December 31
			2020			2019
Cash			$2,005			$1,150
FV-NI investments			1,300			1,420
Accounts receivable			1,855			1,350
Inventory			1,725			2,070
Plant assets			2,025			1,800
Accumulated depreciation			(1,200	)		(1,170	)
			$7,710			$6,620
Accounts payable			$1,305			$950
Accrued liabilities			295			345
Mortgage payable			1,430			1,625
Common shares			2,035			1,800
Retained earnings			2,645			1,900
			$7,710			$6,620
MARTINEZ LIMITED Income Statement Year Ended December 31, 2020
Sales						$6,935
Cost of goods sold						4,700
	Gross margin					2,235
Administrative expenses						910
Income from operations						1,325
Other expenses and gains
	Interest expense		$(20	)
	Gain on disposal of FV-NI investments		80			60
Income before tax						1,385
Income tax expense						405
Net income						$980

Additional information: During the year, $70 of common shares were issued in exchange for plant assets. No plant assets were sold in 2020. The FV-NI investments carrying amount and market value were the same at December 31, 2020. Prepare a 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). Enter amounts in thousands.)