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
FV-NI investments		23,340			40,650
Accounts receivable		67,070			59,650
Merchandise inventory		29,400			23,500
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 December 31, 2020For the Year Ended December 31, 2020For the Month Ended December 31, 2020
Cash, January 1, 2020Cash, December 31, 2020Net Increase in CashCash Flows from Investing ActivitiesNet Cash Used by Financing ActivitiesCash Flows from Financing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Operating ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Financing ActivitiesCash Flows from Operating ActivitiesNet Cash Used by Investing ActivitiesNet Decrease in Cash
Income Taxes PaidCash Paid to Suppliers for GoodsCash Paid for Other Operating ExpensesNet cash received on FV-NI investment transactionsCash Paid for InterestCash Received from Customers				$
LessAdd: Cash Paid for InterestCash Paid for Other Operating ExpensesCash Received from CustomersIncome Taxes PaidCash Paid to Suppliers for GoodsNet cash received on FV-NI investment transactions
LessAdd:
Net cash received on FV-NI investment transactionsIncome Taxes PaidCash Paid for InterestCash Paid for Other Operating ExpensesCash Paid to Suppliers for GoodsCash Received from Customers		$
Income Taxes PaidCash Paid for Other Operating ExpensesCash Paid for InterestCash Paid to Suppliers for GoodsNet cash received on FV-NI investment transactionsCash Received from Customers
Cash Paid for Other Operating ExpensesCash Received from CustomersNet cash received on FV-NI investment transactionsCash Paid to Suppliers for GoodsIncome Taxes PaidCash Paid for Interest
Cash Paid for InterestCash Paid for Other Operating ExpensesNet cash received on FV-NI investment transactionsCash Paid to Suppliers for GoodsIncome Taxes PaidCash Received from Customers
Cash Flows from Investing ActivitiesNet Cash Used by Investing ActivitiesNet Increase in CashNet Cash Used by Financing ActivitiesCash, January 1, 2020Net Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Used by Operating ActivitiesCash Flows from Financing ActivitiesCash, December 31, 2020				$