Swifty Ltd. had the following 2020 income statement data:

Sales		$207,700
Cost of goods sold		119,200
Gross profit		88,500
Operating expenses (includes depreciation of $22,500)		48,400
Income before income taxes		40,100
Income taxes		15,000
Net income		$25,100

The following accounts increased during 2020 by the amounts shown: Accounts Receivable, $15,000; Inventory, $10,200; Accounts Payable (relating to inventory), $14,100; Taxes Payable, $2,000; and Mortgage Payable, $40,600.

Prepare the cash flows from operating activities section of Swiftys 2020 statement of cash flows using the direct method and following IFRS.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Swifty Ltd. Statement of Cash Flows