The comparative statements of financial position for Sors Limited at December 31 are as follows: Sors Limited Statement of Financial Position At December 31, 2019 2019 2018 Assets Cash $ 6,000 $ 7,000 Accounts receivable 3,000 4,500 Merchandise inventory 12,000 11,000 Land 23,000 10,000 Equipment 40,000 30,000 Accumulated depreciation (9,000] (5,000) m m Liabilities and Shareholders' Equity Accounts payable $ 6,000 $ 7,000 Non-current borrowings, due in one year 7,000 6,000 Non-current borrowings 9,000 16,000 Common shares 8,000 3,000 Retained earnings A5000 22.5.0.0 MM The following is additional information for 2019: a. Net income for the year was $27,500. There were no income taxes. b. No land was sold. 0. Equipment was purchased for $20,000 in exchange for common shares value at $5,000 + $15,000 cash. d. Equipment costing $10,000 was sold for $12,000 cash. A $4,000 gain was reported in net Income. e. Cash dividends of $5,000 were declared and paid. f. Depreciation expense of $3,000 was included in the net income gure. Required: Prepare the cash flow from operating activities