Vortex Manufacturing makes and sells integrated circuit boards. At the end of 2020, the income statement and comparative balance sheet were prepared as shown below.

Vortex Manufacturing Balance Sheet As at October 31
	2020	2019
Assets
Current Assets
Cash	$442,775	$125,300
Accounts Receivable	$240,700	$260,900
Merchandise Inventory	$517,200	$452,900
Prepaid Expenses	$20,300	$20,300
Total Current Assets	$1,220,975	$859,400
Long-Term Assets
Land		$17,400
Equipment	$356,600	$356,600
Less: Accumulated Depreciation	$-105,000	$-91,300
Total Long-Term Assets	$251,600	$282,700
Total Assets	$1,472,575	$1,142,100
Liabilities
Current Liabilities
Accounts Payable	$306,400	$322,000
Notes Payable, Current Portion	$32,600	$24,800
Total Current Liabilities	$339,000	$346,800
Notes Payable, Long-Term Portion	$212,000	$199,300
Total Liabilities	$551,000	$546,100
Shareholders' Equity
Common Shares	$276,000	$246,000
Retained Earnings	$645,575	$350,000
Total Shareholders' Equity	$921,575	$596,000
Total Liabilities and Equity	$1,472,575	$1,142,100

Additional Information: During 2020, land was sold for a loss of $3,900. There was no purchase of equipment throughout the year. The company did not pay off any amount of the notes payable.

Vortex Manufacturing Income Statement For the Year Ended October 31, 2020
Sales	$2,992,000
Cost of Goods Sold	$1,795,200
Gross Profit	$1,196,800
Operating Expenses
Depreciation Expense	$13,700
Other Operating Expenses	$661,700
Total Operating Expenses	$675,400
Income from Operations	$521,400
Other Income and Expenses
Loss on Sale of Land	$-3,900
Income before Income Tax	$517,500
Income Tax	$181,125
Net Income	$336,375

Create the cash flow statement using the indirect method.

Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash.

Vortex Manufacturing Cash Flow Statement For the Year Ended October 31, 2020
Cash Flow from Operating Activities
Net Income	Answer
Adjustments to Reconcile Net Income to Cash
Depreciation	Answer
Loss on Sale of Land	Answer
Change in Operating Assets and Liabilities
Decrease in Accounts Receivable	Answer
Increase in Merchandise Inventory	Answer
Decrease in Accounts Payable	Answer
Net Cash Provided (Used) by Operating Activities		Answer
Cash Flow from Investing Activities
Sale of Land	Answer
Net Cash Provided (Used) by Investing Activities		Answer
Cash Flow from Financing Activities
Proceeds from Notes Payable	Answer
Payment of Cash Dividend	Answer
Issue of Common Shares	Answer
Net Cash Provided (Used) by Financing Activities		Answer
Net Increase (Decrease) in Cash		Answer
Cash at the Beginning of the Year		Answer
Cash at the End of the Year		Answer