The following selected data for the Food Factory Corporation were gathered by the accountants for the year ended December 31, 2020, who are responsible for preparing the financial statements:

Cost of goods sold $47,300

Depreciation expense 14,100

Other operating expenses 15,700

Loss on sale of investments 1,900

Gain on sale of capital assets 6,200

Sales revenue 99,700

Interest revenue 7,100

Dividend revenue 3,200

Salary expense 24,700

Interest expense 5,200

Income tax expense 2,700

Net income 4,600

Other relevant data gathered by the accountants:

Accounts receivable decreased $12,600

Inventory increased 7,800

Prepaid expenses decreased 2,300

Accounts payable increased 19,400

Salary payable increased 1,400

Accrued liabilities decreased 4,900

Income tax payable increased 700

Acquisition of capital assets 42,000

Issuance of common shares 75,000

Proceeds from sale of investments 29,000

Collection of loan principal 25,200

Payment of dividends 18,000

Purchased equipment by signing a

note payable 25,000

Proceeds from sale of capital assets 26,700

Proceeds from sale of repurchased shares 25,000

Requirement:

Prepare only the operating activities section cash flow statement for the year ended December 31, 2020 under ASPE, using the indirect method and including a schedule of noncash investing and financing activities, if necessary.

Food Factory Corporation

Cash Flow Statement

For the Year Ended December 31, 2020

Cash flows from operating activities:

Net income $4,600

Net cash inflow from operating activities $38,100