Sandhill Ltd., which follows ASPE had the following comparative statement of financial position:

Sandhill Ltd. Comparative Statement of Financial Position December 31
Assets			2021				2020
Cash			$	85,000			$	46,100
Accounts receivable				139,500				101,000
Inventory				76,500				120,600
Prepaid insurance				9,700				7,600
Equipment				309,000				273,800
Accumulated depreciationequipment				(71,500	)			(52,000	)
	Total assets		$	548,200			$	497,100
Liabilities and Shareholders Equity
Accounts payable			$	88,900			$	73,000
Salaries and wages payable				12,900				7,900
Income taxes payable				16,900				18,900
Mortgage payable				110,900				124,000
Common shares				220,500				210,000
Retained earnings				98,100				63,300
	Total liabilities and shareholders equity		$	548,200			$	497,100

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).)