Sarasota Inc. reported the following information at the end of its 2019 fiscal year.

Sarasota Inc. Statement of Financial Position As at April 30
Assets			2020			2019
	Cash		207,000			154,000
	Accounts receivable		115,000			93,000
	Inventory		107,000			254,000
	Prepaid operating expenses		21,000			12,000
	Long term investments		188,000			87,000
	Equipment		1,233,000			1,164,000
	Less: Accumulated depreciation		(371,000	)		(379,000	)
			1,500,000			1,385,000
Liabilities and Shareholders' Equity
	Accounts payable		51,000			65,000
	Income tax payable		27,000			23,000
	Bonds payable		676,000			754,000
	Common shares		292,000			249,000
	Retained earnings		454,000			294,000
			1,500,000			1,385,000

Sarasota Inc. Income Statement For the year ended April 30, 2020
Sales revenue		1,123,000
Cost of goods sold		698,000
Gross profit		425,000
Operating expenses		225,000
Income from operations		200,000
Interest expense		5,000
Gain on disposal of equipment		3,700
Income before income tax		198,700
Income tax expense		20,190
Net income		$178,510

ADDITIONAL INFORMATION:

		Depreciation expense is included in operating expenses. All accounts payable transactions were related to the purchase of inventory.
		During the year, a piece of equipment that originally cost $52,400 was sold for cash. The equipment was 70% depreciated at the time of the sale.
		Long-term investments were purchased for cash during the year.

Prepare a statement of cash flows, in good form, for Sarasota Inc., using the direct method. Sarasota Inc. follows ASPE. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)