Pina Inc. reported the following information at the end of its 2019 fiscal year. Pina Inc. Statement of Financial Position As at April 30 Assets 2020 Cash 206,000 Accounts receivable 112,000 Inventory 108,000 Prepaid operating expenses 22,000 Long term investments 184,000 Equipment 1,202.000 Less: Accumulated depreciation (372,000) 1,462,000 Liabilities and Shareholders' Equity Accounts payable 51,000 Income tax payable 26,000 Bonds payable 680,000 Common shares 290,000 Retained earnings 415,000 1,462,000 2019 155,000 93,000 251,000 13,000 85,000 1,142,000 (380,000) 1,359,000 64,000 23,000 757,000 249,000 266.000 1,359,000 Pina Inc. Income Statement For the year ended April 30, 2020 Sales revenue 1,105,000 Cost of goods sold 695,000 Gross profit 410,000 Operating expenses 224,000 Income from operations 186,000 Interest expense 4,800 Gain on disposal of equipment 3,300 Income before income tax 184,500 Income tax expense 20,020 Net income $164,480 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 $52,000 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 Pina Inc., using the direct method. Pina Inc. follows ASPE. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).)