V. The following information is available for Green Corporation for the year ended December 31, 2018:

| Collection of principal on non-current loan to a supplier | $15,000 |
| --- | --- |
| Acquisition of equipment for cash | 10,000 |
| Gain on sale of amortized cost financial assets | 2,000 |
| Issuance of ordinary shares for cash | 20,000 |
| Depreciation expense | 32,000 |
| Interest expense | 10,000 |
| Loss on redemption of bonds payable | 5,000 |
| Payment of cash dividends | 14,000 |
| Net income | 30,000 |
| Purchase of land by issuing 3-year notes payable | 40,000 |

In addition, the following information is available from the comparative statements of financial position (partial) for Green at the end of 2017 and 2018:

| | Dec 31, 2018 | Dec 31, 2017 |
| --- | --- | --- |
| Cash | $ 87,000 | $ 14,000 |
| Accounts receivable (net) | 20,000 | 15,000 |
| Prepaid insurance | 17,000 | 13,000 |
| Amortized cost financial assets (at par) | 0 | 25,000 |
| Accounts payable | $ 20,000 | $ 13,000 |
| Salaries and wages payable | 4,000 | 7,000 |
| Interest payable | 5,000 | 6,000 |
| Bonds payable (issued at par) | 0 | 19,000 |

Green Company does not list interests payment as a financing activity. Green Company does not list dividends payment as an operating activity.

Instructions

1. Calculate the net cash flows provided by operating activities. (6%)