Please help with cash flow statement explanation.

Question 5 View Policies Current Attempt in Progress Shamrock's Custom Clothing (SCC) sells branded clothing to resorts and corporations. The company's comparative financial statements are presented below. SHAMROCK'S CUSTOM CLOTHING STATEMENT OF FINANCIAL POSITION December 31 Current Assets 2020 2019 Cash 132,000 79,500 Accounts receivable 29,000 24,100 Inventory 70,000 43,100 Prepaid expenses 10,400 3,000 Total current assets 241,400 149,700 Property and equipment Property and equipment 104,000 141,000 Less: Accumulated depreciation 57,700 56,500 Net property and equipment 46,300 84,500 TOTAL ASSETS $287,700 $234,200 Current liabilities Accounts payable 23,900 32,000 Salaries payable 9,100 5,300 Interest payable 5,300 7.700 Total current liabilities 38,300 45,000 Loan payable 120,000 109,000 Total liabilities 158,300 154,000 Shareholders' equity Common shares 20,200 1,400 Retained earnings 109,200 78,800 Total shareholders' equity 129,400 80,200 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $287,700 $234,200SHAMROCK'S CUSTOM CLOTHING INCOME STATEMENT For the Years Ended December 31 2020 2019 Sales revenue 880,000 736,000 Cost of sales 644,000 524,000 Gross margin 236,000 212,000 Expenses Salary expense 103,000 90,000 Interest expense 5,300 1,900 Other expenses 8.100 5,800 Depreciation expense 30.000 31,900 Total expenses 146,400 129,600 Operating income 89,600 82,400 Loss on disposal of equipment 3,200 1,100 Income tax expense 22,400 17,400 Net income 64,000 63,900 Following is additional information concerning SCC's transactions during the year ended December 31, 2020: Equipment costing $35,000 was purchased by paying $25,000 cash and issuing 400 common shares. . Equipment costing $72,000 that was purchased at the beginning of 2019 was sold at the end of 2020 for $40,000. Straight-line depreciation had been used with an expected asset life of 5 years and a residual value of $0. . The "other expenses" relate to prepaid items. . In order to supplement its cash, SCC increased its bank loan by $11,000. . Cash dividends of $33,600 were paid at the end of the fiscal year. Cost of sales includes $172,000 of direct labour costs.Prepare a statement of cash flows for SCC for the year ended December 31, 2020, using the direct method. CCC follows ASPE. Include any note disclosure on non-cash financing and investing transactions. (Show amounts that decrease cash flow with eith sign e.g. -15,000 or in parenthesis e.g. (15,000).) Shamrock's Custom Clothing Statement of Cash Flows Increase in Cash $ Non-cash investing and financing activities $