The statement of financial position and statement of comprehensive income for Oakie Ltd. follow: Oakie Ltd. Statement of financial position As at December 31 2020 2019

Cash and cash equivalents	$ 62,000	$ 30,000
Accounts receivable	53,000	57,000
Inventory	70,000	65,000
Property, plant, and equipment	100,000	150,000
Accumulated depreciation	(52,000)	(70,000)
total	$233,000	$232,000
Accumulated depreciation	$60,000	$56,000
Interest payable	1,000	5,000
Dividends payable	2,000	--------
Long-term notes payable	30,000	50,000
Common shares	100,000	100,00
Retained earnings	40,000	21,000
total	$233,000	$232,000

Oakie Ltd. Statement of comprehensive income Year ended December 31, 2020

Sales	$ 250,000
Cost of goods sold	160,000
Gross profit	90,000
Depreciation expense	17,000
Interest expense	7,000
Loss on sale of property, plant, and equipment	6,000
Salaries	31,000
Net income	29,000

Additional information: Property, plant, and equipment with a net book value of $15,000 was sold on January 1, 2020. All accounts payable relate to purchases of inventory. Oakie elects to classify interest paid as an operating activity and dividends paid as a financing activity. Required: Prepare Oakies statement of cash flows for the year ended December 31, 2020, using the direct method. Assume that Oakie follows IFRS for reporting purposes.