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A comparative statement of financial position for Whispering Winds Industries Inc. follows:

WHISPERING WINDS INDUSTRIES INC. Statement of Financial Position December 31, 2020
	December 31
Assets	2020			2019
Cash	$22,900			$35,900
Accounts receivable	113,000			55,400
Inventory	239,000			208,000
Land	84,000			125,000
Equipment	274,000			218,000
Accumulated depreciationequipment	(70,500	)		(43,600	)
Total	$662,400			$598,700
Liabilities and Shareholders Equity
Accounts payable	$52,100			$60,800
Bonds payable	199,200			234,200
Common shares	215,000			180,000
Retained earnings	196,100			123,700
Total	$662,400			$598,700

Additional information:

1.		Net income for the fiscal year ending December 31, 2020, was $147,000.
2.		Cash dividends of $74,600 were declared and paid. Dividends paid are treated as financing activities.
3.		Bonds payable amounting to $35,000 were retired through issuance of common shares.
4.		Land was sold at a gain of $3,000.
5.		No equipment was sold during the year.

(a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

(a Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow using either a negative sign preceding the number eg.-45 or parentheseseg. (450) WHISPERING WINDS INDUSTRIES INC Statement of Cash Flows Adjustments to reconcile net income to net cash provided by operating activities: > 1 > > > During the year, Whispering Winds retired S in bonds payable by issuing common shares

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