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Monty Inc., a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The company is currently preparing its statement of cash flows and follows the policy of classifying interest paid as operating cash flows and dividends paid as financing cash flows. The comparative statement of financial position and income statement for Monty as of May 31, 2020, are as follows: MONTY INC. Statement of Financial Position As at May 31 Current assets 2020 2019 Cash $34,170 $20,270 Accounts receivable 85.520 56,320 Inventory 188,880 199,520 Prepaid expenses 9.570 8,000 318,140 284,110 Total current assets Plant assets 598,500 508,500 Less: Accumulated depreciation 158,270 122,270 Net plant assets 440.230 386,230 Total assets $758,370 $670,340 Current liabilities Accounts payable $118.720 $115,720 Salaries and wages payable 61,660 73,000 Interest payable 25,580 23,120 Total current liabilities 205.960 211,840 Mortgage payable 81,480 107,000 Total liabilities 287,440 318,840 Shareholders' equity Common shares 336,270 280,000 Retained earnings 134,660 71,500 Total shareholders' equity ' 470.930 351.500 Total liabilities and shareholders' equity $758,370 $670,340 MONTY INC. . Income Statement For the Year Ended May 31, 2020 Sales $ 1.344,390 Cost of goods sold 811,000 Gross margin 533,390 Expenses Salaries and wages expense Interest expense 201,000 65,700 23,700 Other operating expenses Depreciation expense 36,000 Total operating expenses 326,400 Operating income 206,990 Income tax expense 65,600 Net earnings $ 141,390 The following is additional information about transactions during the year ended May 31, 2020, for Monty Inc., which follows IFRS. 1. Plant assets costing $90,000 were purchased by paying $52,000 in cash and issuing 5,000 common shares. 2. The "other expenses relate to prepaid items. In order to supplement its cash, Monty issued 4,000 additional common shares. 3. 4. There were no penalties assessed for the repayment of the mortgage. 5. Cash dividends of $78,230 were declared and paid at the end of the fiscal year. Using the indirect method, calculate only the net cash flow from operating activities for Monty Inc. for the year ended May 31, 2020. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Net cash provided by operating activities $

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