The condensed financial statements of Stauttner, Inc. appear below:

STAUTTNER, INC. Statement of Financial Position December 31
Assets		2020		2019
Cash		$86,082		$50,080
Accounts receivable		79,300		75,640
Inventories		146,470		150,910
Prepaid expenses		7,930		7,560
Property, plant, and equipment		298,900		292,800
Accumulated depreciation		(90,890)		(87,840)
Intangible assets		66,100		56,120
		$593,892		$545,270
Liabilities and Shareholders' Equity
Accounts payable		$57,100		$50,020
Wages payable		20,740		18,910
Income taxes payable		1,530		2,140
Bonds payable		115,900		134,200
Common shares		213,500		213,500
Retained earnings		185,122		126,500
		$593,892		$545,270

STAUTTNER, INC. Statement of Income Year Ended December 31, 2020
Sales				$668,500
Cost of goods sold				420,900
Gross profit				247,600
Operating expenses		$46,970
Depreciation expense		56,730
Loss on sale of equipment		8,720		112,420
Profit from operations				135,180
Less: Interest expense				3,330
Profit before income tax				131,850
Income tax expense				39,555
Net income				$92,295

Additional information:

1.		New equipment costing $86,620 was purchased for cash during the year.
2.		The increase in intangible assets is related to legal fees incurred to trademark new packaging designs.
3.		Accounts payable relate only to merchandise creditors.
4.		Operating expenses included wages expense of $39,040.
5.		Interest expense was paid in cash during the year.

(a) Prepare a statement of cash flows for Stauttner Inc. using the direct method. Assume Stauttner follows IFRS and has chosen to classify interest paid and collected as operating activities and dividends received as operating activities while dividends paid are financing activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)