The following Trial Balance pertains to the fiscal year of Stanfield Corp. (credit balances are noted in parentheses).

Account	2020	2019	Increase (Decrease)
Cash	$61,400	$35,000	$26,400
Accounts receivable	31,500	28,500	3,000
Inventory	15,000	10,000	5,000
Prepaid expenses	1,500	2,400	(900)
Equipment	81,000	80,000	1,000
Accumulated depreciation - equipment	(21,000)	(20,000)	1,000
Land	81,100	40,100	41,000
Accounts payable	(22,000)	(18,000)	4,000
Accrued liabilities	(6,500)	(4,000)	2,500
Note payable	(56,000)	(30,000)	26,000
Common shares	(143,000)	(100,000)	43,000
Retained earnings	(24,000)	(31,700)	(7,700)
Dividends declared	2,000	2,000	-
Revenues	(180,000)	(150,000)	30,000
Cost of goods sold	136,000	115,000	21,000
Depreciation expense	10,000	15,000	(5,000)
Insurance expense	1,000	1,000	-
Interest expense	2,000	1,200	800
Salaries expense	12,000	11,000	1,000
Other expenses	13,000	10,000	3,000
Loss on sale of equipment	2,000	-	2,000
Income tax expense	3,000	2,500	500

Notes:

1. Sold equipment for cash (cost, $15,000; accumulated depreciation, $9,000).
2. Acquired land for $21,000 and issued common shares as payment in full.
3. Acquired equipment for $16,000 and issued a $16,000, three-year, interest-bearing note payable as payment.
4. Assume unexplained changes are from logical sources.

Required 1:

Starting with net income (loss), determine net cash flows provided by (used in) operating activities using the indirect method. Please round your responses to the nearest whole number. Please note subtractions and negative cashflows as negative. For example, if net cashflows used in operating activities are -$40,000, please enter -40000. DO NOT USE PARENTHESES.

Net income (loss)	Answer
Adjustments:
	Answer
	Answer
Changes in Working Capital:
	Answer
	Answer
	Answer
	Answer
	Answer
Net cash provided by (used in) operating activities	Answer

Required 2:

Determine net cash flows provided by (used in) investing activities. Please round your responses to the nearest whole number. Please note subtractions and negative cashflows as negative. For example, if net cashflows used in investing activates are -$40,000, please enter -40000. DO NOT USE PARENTHESES.

Purchase of land	Answer
Sale of equipment	Answer
Net cash provided by (used in) investing activities	Answer

Supporting Work - Land: Answer Supporting Work - Equipment: Answer

Required 3:

Determine net cash flows provided by (used in) financing activities. Please round your responses to the nearest whole number. Please note subtractions and negative cashflows as negative. For example, if net cashflows used in financing activities are -$40,000, please enter -40000. DO NOT USE PARENTHESES.

Issued note payable	Answer
Issued common shares	Answer
Dividends paid	Answer
Net cash provided by (used in) financing activities	Answer

Supporting Work - Note Payable: Answer Supporting Work - Common Shares: Answer