The current assets and liabilities sections of the comparative balance sheet of Ivanhoe Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement:

IVANHOE INC. Comparative Balance Sheet Accounts
		2021		2020
Cash		$61,380		$65,100
Accounts receivable		39,680		25,420
Inventory		20,150		28,520
Prepaid expenses		4,650		3,596
Accounts payable		26,660		22,320
Accrued expenses payable		3,100		4,960
Dividends payable		14,880		10,540
Income taxes payable		4,216		7,316

IVANHOE INC. Income Statement Year Ended October 31, 2021
Sales					$387,500
Cost of goods sold					241,800
Gross profit					145,700
Operating expenses		$54,560
Depreciation expense		14,260
Loss on sale of equipment		4,960			73,780
Profit before income taxes					71,920
Income taxes					17,980
Profit					$53,940

Prepare the operating activities section of the cash flow statement 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).)

IVANHOE INC. Cash Flow Statement (Partial) October 31, 2021Year Ended October 31, 2021Month Ended October 31, 2021
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities
Decrease in Prepaid ExpensesPayments for TaxesIncrease in Accrued Expenses PayablePayments for Operating ExpensesDecrease in InventoryDecrease in Accounts ReceivableGain on Sale of EquipmentLoss on Sale of EquipmentProfitDepreciation ExpenseDecrease in Accounts PayableIncrease in InventoryIncrease in Prepaid ExpensesIncrease in Accounts PayablePayments to SuppliersIncrease in Accounts ReceivableIncrease in Income Taxes PayableDecrease in Accrued Expenses PayableDecrease in Income Taxes PayableCollections from Customers		$
Adjustments to reconcile profit to
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities
Decrease in Accrued Expenses PayableIncrease in InventoryIncrease in Prepaid ExpensesLoss on Sale of EquipmentIncrease in Accounts ReceivableIncrease in Accrued Expenses PayableIncrease in Income Taxes PayableIncrease in Accounts PayableDecrease in Income Taxes PayablePayments for Operating ExpensesDecrease in Accounts ReceivableDecrease in Prepaid ExpensesPayments to SuppliersGain on Sale of EquipmentProfitDecrease in Accounts PayablePayments for TaxesDepreciation ExpenseDecrease in InventoryCollections from Customers	$
Increase in InventoryDecrease in Prepaid ExpensesCollections from CustomersPayments for Operating ExpensesLoss on Sale of EquipmentDecrease in Accounts ReceivableDepreciation ExpenseGain on Sale of EquipmentIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in InventoryIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Accrued Expenses PayableIncrease in Accounts ReceivableProfitPayments to SuppliersPayments for TaxesDecrease in Income Taxes Payable
Decrease in Prepaid ExpensesIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Accrued Expenses PayableDecrease in Accounts ReceivableLoss on Sale of EquipmentPayments to SuppliersProfitPayments for Operating ExpensesDecrease in Income Taxes PayableDepreciation ExpenseDecrease in InventoryIncrease in Income Taxes PayableGain on Sale of EquipmentPayments for TaxesCollections from CustomersIncrease in Accounts ReceivableDecrease in Accounts PayableIncrease in InventoryIncrease in Accounts Payable
Increase in Accounts PayableIncrease in InventoryIncrease in Income Taxes PayablePayments for TaxesCollections from CustomersProfitGain on Sale of EquipmentDecrease in InventoryIncrease in Prepaid ExpensesPayments to SuppliersLoss on Sale of EquipmentDecrease in Accounts PayableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableDepreciation ExpensePayments for Operating ExpensesDecrease in Income Taxes PayableDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Prepaid Expenses
Decrease in Accounts ReceivableCollections from CustomersLoss on Sale of EquipmentIncrease in Accounts PayableDecrease in Prepaid ExpensesPayments for TaxesDecrease in Accrued Expenses PayableDecrease in Income Taxes PayableDecrease in InventoryPayments for Operating ExpensesIncrease in InventoryIncrease in Accrued Expenses PayablePayments to SuppliersIncrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Accounts PayableProfitIncrease in Prepaid ExpensesDepreciation ExpenseGain on Sale of Equipment
Decrease in Accrued Expenses PayableDecrease in Accounts ReceivableGain on Sale of EquipmentLoss on Sale of EquipmentDecrease in Income Taxes PayableIncrease in Accounts ReceivableDepreciation ExpenseIncrease in InventoryIncrease in Income Taxes PayableDecrease in InventoryPayments to SuppliersIncrease in Accounts PayablePayments for Operating ExpensesDecrease in Accounts PayablePayments for TaxesProfitIncrease in Accrued Expenses PayableDecrease in Prepaid ExpensesCollections from CustomersIncrease in Prepaid Expenses
Increase in Accounts PayableLoss on Sale of EquipmentIncrease in Income Taxes PayablePayments to SuppliersDecrease in InventoryIncrease in Accrued Expenses PayablePayments for Operating ExpensesDepreciation ExpenseIncrease in Prepaid ExpensesDecrease in Income Taxes PayableDecrease in Accounts PayablePayments for TaxesDecrease in Prepaid ExpensesDecrease in Accounts ReceivableCollections from CustomersGain on Sale of EquipmentProfitIncrease in InventoryDecrease in Accrued Expenses PayableIncrease in Accounts Receivable
Increase in Accounts PayablePayments to SuppliersGain on Sale of EquipmentDecrease in Accrued Expenses PayableIncrease in Accounts ReceivableDecrease in Prepaid ExpensesProfitIncrease in Accrued Expenses PayableIncrease in InventoryIncrease in Prepaid ExpensesPayments for TaxesDecrease in Income Taxes PayableIncrease in Income Taxes PayableDecrease in Accounts PayablePayments for Operating ExpensesDepreciation ExpenseCollections from CustomersDecrease in Accounts ReceivableLoss on Sale of EquipmentDecrease in Inventory
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities		$