Nash Inc. Statement of Financial Position As at April 30
Assets			2020			2019
	Cash		208,000			149,000
	Accounts receivable		115,000			94,000
	Inventory		112,000			247,000
	Prepaid operating expenses		22,000			13,000
	Long term investments		186,000			83,000
	Equipment		1,244,000			1,162,000
	Less: Accumulated depreciation		(369,000	)		(377,000	)
			1,518,000			1,371,000
Liabilities and Shareholders' Equity
	Accounts payable		52,000			66,000
	Income tax payable		26,000			25,000
	Bonds payable		676,000			765,000
	Common shares		290,000			249,000
	Retained earnings		474,000			266,000
			1,518,000			1,371,000

Nash Inc. Income Statement For the year ended April 30, 2020
Sales revenue		1,144,000
Cost of goods sold		685,000
Gross profit		459,000
Operating expenses		225,000
Income from operations		234,000
Interest expense		4,900
Gain on disposal of equipment		3,700
Income before income tax		232,800
Income tax expense		18,650
Net income		$214,150

ADDITIONAL INFORMATION:

		Depreciation expense is included in operating expenses. All accounts payable transactions were related to the purchase of inventory.
		During the year, a piece of equipment that originally cost $53,100 was sold for cash. The equipment was 70% depreciated at the time of the sale.
		Long-term investments were purchased for cash during the year.

Prepare a statement of cash flows, in good form, for Nash Inc., using the direct method. Nash Inc. follows ASPE. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)