Sunland Ltd., which follows ASPE had the following comparative statement of financial position:

Sunland Ltd. Comparative Statement of Financial Position December 31
Assets			2021				2020
Cash			$	82,400			$	49,800
Accounts receivable				136,000				101,500
Inventory				81,400				122,900
Prepaid insurance				11,500				9,500
Equipment				305,000				255,600
Accumulated depreciationequipment				(71,500	)			(51,500	)
Patents				80,100				99,500
	Total assets		$	624,900			$	587,300
Liabilities and Shareholders Equity
Accounts payable			$	92,200			$	79,900
Notes payable				7,500				11,400
Salaries and wages payable				15,400				7,500
Income taxes payable				15,200				18,800
Long-term note payable				110,500				128,300
Common shares				282,100				282,100
Retained earnings				102,000				59,300
	Total liabilities and shareholders equity		$	624,900			$	587,300

Additional information:

1.		Net income for the fiscal year was $55,000.
2.		Equipment that cost $40,000 and was 70% depreciated was sold during 2021, for a gain of $3,500.
3.		No patents were purchased or sold during the fiscal year.
4.		The current Notes Payable are trade payables issued by Sunland Ltd. for the purchase of inventory.

Prepare the operating activities section of a statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)