Sarasota Farms Ltd., which follows ASPE, had the following transactions during the fiscal year ending December 31, 2020.

1.

On May 1, a used tractor was sold at auction. The information concerning this transaction included:

Original cost of the tractor		$51,800
Carrying amount of tractor at date of sale		20,000
Cash proceeds obtained at sale		23,500

2.

After the seeding season, on June 15, 2020, a plough with an original cost of $6,750 and a carrying amount of $700 was discarded.

3.

On September 1, 2020, a new plough was purchased for $7,900.

4.

On December 30, a section of land was sold to a neighbouring farm called Clear Pastures Ltd. The original cost of the land was $51,000. To finance the purchase, Clear Pastures gave Sarasota a three-year mortgage note in the amount of $75,000 that carries interest at 8%, with interest payable annually each December 30.

5.

On December 31, 2020, depreciation was recorded on the farm equipment in the amount of $17,200.

Indicate specifically which sections of the statement of cash flows of Sarasota Farms Ltd. would report the transactions provided, 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).)

Operating Activities: Investing Activities: Note X: Significant non-cash investing and financing activities: A mortgage note receivable of $ was obtained from the sale of land