SFP accounts of Cullumber Inc., which follows IFRS, follow:

CULLUMBER INC. Comparative Statement of Financial Position Accounts December 31, 2020 and 2019
		December 31
Debit accounts		2020			2019
Cash		$45,130			$33,800
FV-NI investments		23,050			40,300
Accounts receivable		67,000			59,600
Merchandise inventory		29,720			23,700
Machinery		29,570			18,250
Buildings		67,680			56,500
Land		7,500			7,500
		$269,650			$239,650
Credit accounts
Allowance for doubtful accounts		$1,665			$915
Accumulated depreciationmachinery		5,525			2,150
Accumulated depreciationbuildings		13,590			9,100
Accounts payable		29,950			24,700
Accrued liabilities		2,275			1,030
Income taxes payable		900			1,400
Long-term note payablenon-trade		25,700			30,700
Common shares		150,000			125,000
Retained earnings		40,045			44,655
		$269,650			$239,650

Additional information: Cullumber 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 $16,270.
2.		A 20% stock dividend was declared during the year and $25,000 of retained earnings was capitalized.
3.		FV-NI investments that cost $20,400 and had a fair value at December 31, 2019, of $24,350 were sold during the year for $23,260.
4.		Machinery that cost $3,810 and had $750 of depreciation accumulated was sold for $2,160.

Cullumbers 2020 statement of income is as follows:

Sales revenue						$639,000
Cost of goods sold						380,000
Gross margin						259,000
Operating expenses (includes $8,615 depreciation and $5,400 bad debts)						180,350
Income from operations						78,650
Loss on disposal of FV-NI investments			$(1,090	)
Interest expense			(3,000	)
Loss on disposal of machinery			(900	)		(4,990	)
Income before tax						73,660
Income tax expense						37,000
Net income						$36,660

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).)

CULLUMBER INC. Statement of Cash Flow December 31, 2020For the Month Ended December 31, 2020For the Year Ended December 31, 2020
Net Cash Used by Investing ActivitiesNet Cash Used by Financing ActivitiesNet Increase in CashCash, December 31, 2020Cash Flows from Financing ActivitiesNet Cash Used by Operating ActivitiesCash Flows from Investing ActivitiesCash, January 1, 2020Net Cash Provided by Investing ActivitiesNet Decrease in CashCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Operating Activities
Cash Paid to Suppliers for GoodsNet cash received on FV-NI investment transactionsCash Paid for Other Operating ExpensesCash Paid for InterestIncome Taxes PaidCash Received from Customers				$
LessAdd: Cash Paid to Suppliers for GoodsCash Paid for InterestNet cash received on FV-NI investment transactionsCash Received from CustomersCash Paid for Other Operating ExpensesIncome Taxes Paid
AddLess:
Cash Paid for Other Operating ExpensesCash Paid for InterestCash Paid to Suppliers for GoodsCash Received from CustomersIncome Taxes PaidNet cash received on FV-NI investment transactions		$
Cash Paid for InterestCash Paid for Other Operating ExpensesCash Received from CustomersNet cash received on FV-NI investment transactionsIncome Taxes PaidCash Paid to Suppliers for Goods
Cash Paid to Suppliers for GoodsCash Paid for InterestCash Paid for Other Operating ExpensesIncome Taxes PaidNet cash received on FV-NI investment transactionsCash Received from Customers
Income Taxes PaidCash Paid for Other Operating ExpensesCash Received from CustomersNet cash received on FV-NI investment transactionsCash Paid to Suppliers for GoodsCash Paid for Interest
Net Cash Provided by Financing ActivitiesCash Flows from Financing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Provided by Investing ActivitiesNet Increase in CashNet Decrease in CashCash, January 1, 2020Net Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesCash Flows from Investing ActivitiesNet Cash Used by Operating ActivitiesCash, December 31, 2020				$