The current assets and liabilities sections of the comparative balance sheet of Ivanhoe Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement:

IVANHOE INC. Comparative Balance Sheet Accounts
		2021		2020
Cash		$47,520		$50,400
Accounts receivable		30,720		19,680
Inventory		15,600		22,080
Prepaid expenses		3,600		2,784
Accounts payable		20,640		17,280
Accrued expenses payable		2,400		3,840
Dividends payable		11,520		8,160
Income taxes payable		3,264		5,664

IVANHOE INC. Income Statement Year Ended October 31, 2021
Sales					$300,000
Cost of goods sold					187,200
Gross profit					112,800
Operating expenses		$42,240
Depreciation expense		11,040
Loss on sale of equipment		3,840			57,120
Profit before income taxes					55,680
Income taxes					13,920
Profit					$41,760

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

IVANHOE INC. Cash Flow Statement (Partial) Month Ended October 31, 2021Year Ended October 31, 2021October 31, 2021
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities
Payments for TaxesDepreciation ExpenseIncrease in Accrued Expenses PayableIncrease in Income Taxes PayableDecrease in Accounts PayableGain on Sale of EquipmentIncrease in InventoryIncrease in Accounts PayableDecrease in Prepaid ExpensesDecrease in Income Taxes PayablePayments to SuppliersDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableDecrease in InventoryProfitCollections from CustomersPayments for Operating ExpensesIncrease in Prepaid ExpensesLoss on Sale of Equipment		$
Adjustments to reconcile profit to
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities
Decrease in Accounts ReceivablePayments for Operating ExpensesIncrease in InventoryPayments to SuppliersCollections from CustomersPayments for TaxesProfitDecrease in Income Taxes PayableDecrease in Accrued Expenses PayableIncrease in Income Taxes PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesIncrease in Accounts PayableDecrease in Prepaid ExpensesIncrease in Accounts ReceivableGain on Sale of EquipmentDecrease in InventoryDepreciation ExpenseDecrease in Accounts PayableLoss on Sale of Equipment	$
Increase in Prepaid ExpensesLoss on Sale of EquipmentDecrease in InventoryDepreciation ExpenseIncrease in Accrued Expenses PayablePayments for Operating ExpensesIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts PayableIncrease in InventoryPayments for TaxesDecrease in Prepaid ExpensesPayments to SuppliersCollections from CustomersDecrease in Accrued Expenses PayableDecrease in Accounts PayableIncrease in Accounts ReceivableGain on Sale of EquipmentProfitDecrease in Accounts Receivable
Decrease in Accrued Expenses PayableDepreciation ExpenseGain on Sale of EquipmentIncrease in Accounts PayableDecrease in Income Taxes PayablePayments to SuppliersLoss on Sale of EquipmentPayments for TaxesPayments for Operating ExpensesIncrease in InventoryDecrease in InventoryIncrease in Prepaid ExpensesProfitIncrease in Accounts ReceivableCollections from CustomersIncrease in Income Taxes PayableDecrease in Accounts PayableDecrease in Prepaid ExpensesDecrease in Accounts ReceivableIncrease in Accrued Expenses Payable
Payments for Operating ExpensesDecrease in Accounts PayablePayments to SuppliersGain on Sale of EquipmentDecrease in Accounts ReceivableDecrease in InventoryIncrease in InventoryDepreciation ExpenseDecrease in Income Taxes PayableIncrease in Prepaid ExpensesPayments for TaxesLoss on Sale of EquipmentIncrease in Accrued Expenses PayableIncrease in Accounts ReceivableProfitDecrease in Accrued Expenses PayableCollections from CustomersIncrease in Income Taxes PayableIncrease in Accounts PayableDecrease in Prepaid Expenses
Decrease in Accounts ReceivableIncrease in Accounts ReceivableGain on Sale of EquipmentIncrease in Accrued Expenses PayablePayments to SuppliersProfitDepreciation ExpenseDecrease in Prepaid ExpensesDecrease in Income Taxes PayableIncrease in Income Taxes PayablePayments for TaxesIncrease in InventoryDecrease in Accrued Expenses PayableDecrease in Accounts PayableIncrease in Prepaid ExpensesDecrease in InventoryPayments for Operating ExpensesLoss on Sale of EquipmentIncrease in Accounts PayableCollections from Customers
Decrease in InventoryPayments for Operating ExpensesDecrease in Accrued Expenses PayableLoss on Sale of EquipmentProfitCollections from CustomersIncrease in Accounts ReceivableIncrease in Prepaid ExpensesGain on Sale of EquipmentIncrease in Accrued Expenses PayableIncrease in Income Taxes PayableDecrease in Prepaid ExpensesDepreciation ExpenseDecrease in Accounts PayablePayments for TaxesIncrease in Accounts PayableIncrease in InventoryDecrease in Income Taxes PayablePayments to SuppliersDecrease in Accounts Receivable
Increase in Prepaid ExpensesLoss on Sale of EquipmentPayments for TaxesDecrease in Accounts ReceivableIncrease in Accounts PayableIncrease in Accounts ReceivableProfitDecrease in Accrued Expenses PayableDecrease in Income Taxes PayableDecrease in Prepaid ExpensesPayments to SuppliersIncrease in Accrued Expenses PayableDepreciation ExpenseDecrease in InventoryGain on Sale of EquipmentCollections from CustomersPayments for Operating ExpensesIncrease in Income Taxes PayableDecrease in Accounts PayableIncrease in Inventory
Decrease in InventoryPayments for TaxesIncrease in Accounts PayableCollections from CustomersDecrease in Prepaid ExpensesProfitDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayablePayments to SuppliersDecrease in Accounts ReceivableLoss on Sale of EquipmentIncrease in Prepaid ExpensesIncrease in Income Taxes PayableGain on Sale of EquipmentIncrease in Accounts ReceivablePayments for Operating ExpensesIncrease in InventoryDecrease in Income Taxes PayableDepreciation ExpenseDecrease in Accounts Payable
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities		$