Oriole Ltd., which follows ASPE,had the following comparative Statement of Financial Position:

Oriole Ltd. Comparative Statement of Financial Position March 31
Assets			2018				2017
Cash			$	17,100			$	14,400
Accounts receivable				60,500				41,800
Inventory				80,600				68,000
Prepaid expenses				5,600				3,600
Property, plant, and equipment				244,500				206,500
Accumulated depreciation				(59,500	)			(48,000	)
	Total assets		$	348,800			$	286,300
Liabilities and Shareholders Equity
Accounts payable			$	22,800			$	27,300
Interest payable				3,000				3,700
Income taxes payable				24,000				12,000
Bonds payable				88,500				73,800
Common shares				97,000				81,000
Retained earnings				113,500				88,500
	Total liabilities and shareholders equity		$	348,800			$	286,300

Additional information:

1.		Net income for the fiscal year was $37,500.
2.		Equipment with an original cost of $26,000 was sold for $8,000 cash during 2021. The equipment was depreciated $11,000. This disposal resulted in a $4,000 loss.

Prepare the operating activities section of a statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)