Sandhill Ltd., a private company reporting under ASPE, reported the following for the years ended May 31, 2021, and 2020.

SANDHILL LTD. Balance Sheet May 31
Assets		2021			2020
Cash		$25,400			$47,000
Accounts receivable		89,000			79,000
Inventory		185,000			160,000
Prepaid expenses		6,000			7,500
Land		137,000			80,000
Equipment		320,000			200,000
Accumulated depreciation		(78,200	)		(40,000	)
Total assets		$684,200			$533,500
Liabilities and Shareholders Equity
Accounts payable		$43,000			$40,000
Dividends payable		7,500			6,000
Income taxes payable		3,200			7,000
Mortgage payable		132,000			80,000
Common shares		219,000			166,000
Retained earnings		279,500			234,500
Total liabilities and shareholders equity		$684,200			$533,500

Additional Information:
1.		Profit for 2021 was $108,000.
2.		Common shares were issued for $53,000.
3.		Land with a cost of $53,000 was sold at a loss of $20,000.
4.		Purchased land with a cost of $110,000 with a $58,000 down payment and financed the remainder with a mortgage note payable.
5.		No equipment was sold during 2021.

Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SANDHILL LTD. Cash Flow Statement - Indirect Method
		$
Adjustments to reconcile profit to
	$
	$
	$
		$

Note X: Land with as cost of $ _ was purchased by paying $ _ cash and issuing a mortgage note payable for $ _