SFP accounts of Carla Vista Inc., which follows IFRS, follow:

CARLA VISTA INC. Comparative Statement of Financial Position Accounts December 31, 2020 and 2019
		December 31
Debit accounts		2020			2019
Cash		$44,965			$33,900
FV-NI investments		22,840			40,050
Accounts receivable		67,450			59,950
Merchandise inventory		29,750			23,750
Machinery		29,640			18,300
Buildings		67,660			56,350
Land		7,500			7,500
		$269,805			$239,800
Credit accounts
Allowance for doubtful accounts		$1,280			$530
Accumulated depreciationmachinery		5,730			2,380
Accumulated depreciationbuildings		13,910			9,400
Accounts payable		30,460			25,200
Accrued liabilities		2,410			1,170
Income taxes payable		850			1,350
Long-term note payablenon-trade		25,200			30,200
Common shares		150,000			125,000
Retained earnings		39,965			44,570
		$269,805			$239,800

Additional information: Carla Vista Inc. has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities.

1.		Cash dividends declared during the year were $24,525.
2.		A 20% stock dividend was declared during the year and $25,000 of retained earnings was capitalized.
3.		FV-NI investments that cost $19,700 and had a fair value at December 31, 2019, of $24,800 were sold during the year for $23,260.
4.		Machinery that cost $3,820 and had $750 of depreciation accumulated was sold for $2,230.

Carla Vistas 2020 statement of income is as follows:

Sales revenue						$643,000
Cost of goods sold						375,000
Gross margin						268,000
Operating expenses (includes $8,610 depreciation and $5,400 bad debts)						180,700
Income from operations						87,300
Loss on disposal of FV-NI investments			$(1,540	)
Interest expense			(3,000	)
Loss on disposal of machinery			(840	)		(5,380	)
Income before tax						81,920
Income tax expense						37,000
Net income						$44,920

Calculate net cash flow from operating activities using the direct method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) CARLA VISTA INC. Statement of Cash Flow $ > $ $