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A comparative statement of financial position for Whispering Winds Corporation follows:

WHISPERING WINDS CORPORATION Statement of Financial Position
		December 31
Assets		2020			2019
Cash		$74,100			$33,060
Accounts receivable		99,180			67,260
Inventory		151,620			92,340
FV-OCI investments in shares		71,820			95,760
Land		74,100			117,420
Equipment		444,600			490,200
Accumulated depreciationequipment		(133,380	)		(98,040	)
Goodwill		141,360			197,220
Total		$923,400			$995,220
Liabilities and Shareholders Equity
Accounts payable		$13,680			$58,140
Dividends payable		17,100			36,480
Notes payable		250,800			381,900
Common shares		302,100			142,500
Retained earnings		328,320			323,760
Accumulated other comprehensive income		11,400			52,440
Total		$923,400			$995,220

Additional information:

1.		Net income for the fiscal year ending December 31, 2020, was $21,660.
2.		In March 2020, a plot of land was purchased for future construction of a plant site. In November 2020, a different plot of land with original cost of $98,040 was sold for proceeds of $108,300.
3.		In April 2020, notes payable amounting to $159,600 were retired through the issuance of common shares. In December 2020, notes payable amounting to $28,500 were issued for cash.
4.		FV-OCI investments were purchased in July 2020 for a cost of $17,100. By December 31, 2020, the fair value of Whispering Windss portfolio of FVOCI investments decreased to $71,820. No FVOCI investments were sold in the year.
5.		On December 31, 2020, equipment with an original cost of $45,600 and accumulated depreciation to date of $13,680 was sold for proceeds of $23,940. No equipment was purchased in the year.
6.		Dividends on common shares of $36,480 and $17,100 were declared in December 2019 and December 2020, respectively. The 2019 dividend was paid in January 2020 and the 2020 dividend was paid in January 2021. Dividends paid are treated as financing activities.
7.		A loss on impairment was recorded in the year to reflect a decrease in the recoverable amount of goodwill. No goodwill was purchased or sold in the year.

(a) Prepare a statement of cash flows using the indirect method for cash flows from operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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