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

WILDHORSE INC. Comparative Statement of Financial Position Accounts December 31, 2020 and 2019
		December 31
Debit accounts		2020			2019
Cash		$45,370			$34,050
FV-NI investments		23,040			40,350
Accounts receivable		67,730			60,150
Merchandise inventory		30,320			24,350
Machinery		30,270			19,050
Buildings		67,280			56,050
Land		7,500			7,500
		$271,510			$241,500
Credit accounts
Allowance for doubtful accounts		$3,160			$2,410
Accumulated depreciationmachinery		5,460			2,090
Accumulated depreciationbuildings		13,340			8,850
Accounts payable		29,900			24,650
Accrued liabilities		2,390			1,140
Income taxes payable		960			1,460
Long-term note payablenon-trade		26,200			31,200
Common shares		150,000			125,000
Retained earnings		40,100			44,700
		$271,510			$241,500

Additional information: Wildhorse 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 $24,170.
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 $24,450 were sold during the year for $23,580.
4.		Machinery that cost $3,810 and had $750 of depreciation accumulated was sold for $2,250.

Wildhorses 2020 statement of income is as follows:

Sales revenue						$643,000
Cost of goods sold						376,000
Gross margin						267,000
Operating expenses (includes $8,610 depreciation and $5,400 bad debts)						180,750
Income from operations						86,250
Loss on disposal of FV-NI investments			$(870	)
Interest expense			(3,000	)
Loss on disposal of machinery			(810	)		(4,680	)
Income before tax						81,570
Income tax expense						37,000
Net income						$44,570

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).)

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