R.Federer Ltd., which follows ASPE had the following comparative statement of financial position: R.Federer Ltd. Comparative Statement of Financial Position Assets Cash Accounts receivable December 31 2021 2020 $ 80,500 $ 54,800 135,000 101,200 Inventory Prepaid insurance Equipment Accumulated depreciation-equipment Total assets 76,500 121,100 10,300 8,000 305,500 272,500 (70,500) (52,000) $537,300 $505,600 Liabilities and Shareholders' Equity Accounts payable $ 89,400 $ 73,500 Salaries and wages payable Income taxes payable Mortgage payable 13,400 8,300 17,400 19,400 111,400 121,000 Common shares 204,500 200,000 Retained earnings 101,200 83,400 Total liabilities and shareholders' equity $537,300 $505,600 Additional information: Net income was $57,500. New equipment was purchased and none was sold. Common shares were issued for cash. Cash dividends were paid to common shareholders. Prepare the 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).) decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)