Pronghorn Inc., a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The company is currently preparing its statement of cash flows and follows the policy of classifying interest paid as operating cash flows and dividends paid as financing cash flows. The comparative statement of financial position and income statement for Pronghorn as of May 31, 2020, are as follows:

PRONGHORN INC. Statement of Financial Position As at May 31
Current assets			2020		2019
	Cash		$35,100		$20,730
	Accounts receivable		79,680		56,480
	Inventory		188,970		199,840
	Prepaid expenses		9,240		7,660
	Total current assets		312,990		284,710
	Plant assets		600,500		507,500
	Less: Accumulated depreciation		152,730		122,730
	Net plant assets		447,770		384,770
	Total assets		$760,760		$669,480
Current liabilities
	Accounts payable		$121,880		$115,880
	Salaries and wages payable		61,090		72,660
	Interest payable		26,310		23,440
	Total current liabilities		209,280		211,980
	Mortgage payable		80,860		106,000
	Total liabilities		290,140		317,980
Shareholders equity
	Common shares		335,890		280,000
	Retained earnings		134,730		71,500
	Total shareholders equity		470,620		351,500
	Total liabilities and shareholders equity		$760,760		$669,480

PRONGHORN INC. Income Statement For the Year Ended May 31, 2020
Sales			$	1,331,150
Cost of goods sold				803,000
Gross margin				528,150
Expenses
	Salaries and wages expense			200,000
	Interest expense			66,700
	Other operating expenses			24,200
	Depreciation expense			30,000
Total operating expenses				320,900
Operating income				207,250
	Income tax expense			65,800
Net earnings			$	141,450

The following is additional information about transactions during the year ended May 31, 2020, for Pronghorn Inc., which follows IFRS.

1.		Plant assets costing $93,000 were purchased by paying $51,000 in cash and issuing 5,000 common shares.
2.		The other expenses relate to prepaid items.
3.		In order to supplement its cash, Pronghorn issued 4,000 additional common shares.
4.		There were no penalties assessed for the repayment of the mortgage.
5.		Cash dividends of $78,220 were declared and paid at the end of the fiscal year.

Prepare a statement of cash flows for Pronghorn Inc. for the year ended May 31, 2020, 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).)

Pronghorn Inc. Statement of Cash Flows (Direct Method) choose the accounting period For the Month Ended May 31, 2020For the Year Ended May 31, 2020May 31, 2020
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Schedule of non-cash investing and financing activities