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

SUNLAND INC. Comparative Statement of Financial Position Accounts December 31, 2020 and 2019
		December 31
Debit accounts		2020			2019
Cash		$45,450			$33,900
Accounts receivable		67,070			59,650
Merchandise inventory		29,400			23,500
Long-term FV-NI investments		23,340			40,650
Machinery		30,390			19,150
Buildings		67,240			56,050
Land		7,500			7,500
		$270,390			$240,400
Credit accounts
Allowance for doubtful accounts		$1,280			$530
Accumulated depreciationmachinery		5,675			2,320
Accumulated depreciationbuildings		13,840			9,350
Accounts payable		30,395			25,150
Accrued liabilities		2,400			1,140
Income taxes payable		880			1,380
Long-term note payablenon-trade		26,000			31,000
Common shares		150,000			125,000
Retained earnings		39,920			44,530
		$270,390			$240,400

Additional information: Sunland 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 $18,330.
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 $25,000 were sold during the year for $22,910.
4.		Machinery that cost $3,800 and had $750 of depreciation accumulated was sold for $2,210.

Sunlands 2020 statement of income is as follows:

Sales revenue						$640,000
Cost of goods sold						378,000
Gross margin						262,000
Operating expenses (includes $8,595 depreciation and $5,400 bad debts)						180,350
Income from operations						81,650
Loss on disposal of FV-NI investments			$(2,090	)
Interest expense			(3,000	)
Loss on disposal of machinery			(840	)		(5,930	)
Income before tax						75,720
Income tax expense						37,000
Net income						$38,720

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).)

SUNLAND INC. Statement of Cash Flow For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020
Net Cash Used by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Provided by Investing ActivitiesCash Flows from Financing ActivitiesCash Flows from Operating ActivitiesCash, January 1, 2020Cash, December 31, 2020Net Cash Provided by Financing ActivitiesNet Increase in CashNet Decrease in CashNet Cash Provided by Operating ActivitiesCash Flows from Investing Activities
Income Taxes PaidCash Paid for Other Operating ExpensesCash Paid to Suppliers for GoodsCash Paid for InterestProceeds from Sale of FV-NI InvestmentsCash Received from Customers				$
LessAdd: Proceeds from Sale of FV-NI InvestmentsCash Received from CustomersIncome Taxes PaidCash Paid for Other Operating ExpensesCash Paid for InterestCash Paid to Suppliers for Goods
AddLess:
Cash Paid to Suppliers for GoodsCash Received from CustomersCash Paid for InterestProceeds from Sale of FV-NI InvestmentsIncome Taxes PaidCash Paid for Other Operating Expenses		$
Cash Paid for Other Operating ExpensesCash Paid for InterestIncome Taxes PaidCash Received from CustomersProceeds from Sale of FV-NI InvestmentsCash Paid to Suppliers for Goods
Cash Paid to Suppliers for GoodsProceeds from Sale of FV-NI InvestmentsCash Paid for Other Operating ExpensesCash Received from CustomersCash Paid for InterestIncome Taxes Paid
Cash Paid for Other Operating ExpensesProceeds from Sale of FV-NI InvestmentsIncome Taxes PaidCash Paid for InterestCash Paid to Suppliers for GoodsCash Received from Customers
Net Cash Provided by Financing ActivitiesNet Decrease in CashNet Cash Used by Investing ActivitiesCash Flows from Investing ActivitiesNet Cash Provided by Operating ActivitiesCash, December 31, 2020Net Cash Used by Financing ActivitiesNet Cash Used by Operating ActivitiesCash Flows from Financing ActivitiesCash Flows from Operating ActivitiesNet Increase in CashNet Cash Provided by Investing ActivitiesCash, January 1, 2020				$