Whiskey Industries Ltd., a Nanaimo, British Columbiabased company, has a December 31 year end. The companys comparative statement of financial position and its statement of income for the most recent fiscal year are presented here, along with some additional information:

1.		During the year, Whiskey Industries sold, for $470 cash, equipment that had an original cost of $940 and a net carrying amount of $190.
2.		Whiskey Industries borrowed an additional $7,520 by issuing notes payable in 2020.
3.		During the year, the company purchased a piece of land for a future manufacturing site for $188,000. The land was purchased with no money down and the company entered into a mortgage payable for the full amount.

WHISKEY INDUSTRIES LTD. Statement of Financial Position As at December 31, 2020
		2020		2019
Assets
Current assets
Cash		$5,690		$18,330
Accounts receivable		9,400		18,800
Prepaid rent		560		470
Inventory		37,600		28,200
Total current assets		53,250		65,800
Manufacturing equipment		149,460		94,000
Accumulated depreciation, manufacturing equipment		(65,050	)	(47,000	)
Land		188,000		0
Total assets		$325,660		$112,800
Liabilities and shareholders equity
Current liabilities
Accounts payable		$10,340		$5,640
Wages payable		560		380
Dividends payable		440		280
Total current liabilities		11,340		6,300
Mortgage payable		188,000		0
Notes payable		43,240		37,600
Common shares		27,260		23,500
Retained earnings		55,820		45,400
Total liabilities and shareholders equity		$325,660		$112,800

WHISKEY INDUSTRIES LTD. Statement of Income For the year ended December 31, 2020
Sales		$122,200
Cost of goods sold		75,200
Gross margin		47,000
Expenses
Rent expense		6,670
Wages expense		9,020
Depreciation expense		18,800
Interest expense		560
Income tax expense		490
Gain on sale of equipment		(280)
Net income		$11,740

(a)

Using the information above, prepare the statement of cash flows for Whiskey Industries Ltd. for the year ended December 31, 2020, 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).)

Supplementary disclosures:
Cash paid for interest				$
Cash paid for income tax				$

Non-cash investing and financing activities: During the year, land with a value of $ was acquired by signing a mortgage payable for the full amount.