Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Bastille Inc., which follows IFRS, for the year ended December 31, 2020. 

1. Equipment that cost $40,000 six years before and was being depreciated on a straight-line basis over 10 years with no estimated residual value was sold for $5,300. 

2. During the year, 10,000 common shares were issued for $41 cash per share. 

3. Uncollectible accounts receivable in the amount of $27,000 were written off against the allowance for doubtful accounts. 

4. The company sustained a net loss for the year of $10,000. Depreciation amounted to $22,000. A gain of $9,000 was reported on the sale of land for $39,000 cash. 

5. A three-month Canadian treasury bill was purchased for $50,000 on November 13, 2020. The company uses a cash and cash-equivalent basis for its statement of cash flows. 

6. An impairment of $40,000 was recorded on goodwill. 

7. Patent amortization for the year was $18,000. 

8. The company exchanged common shares for a 40% interest in TransCo Corp. for $900,000. 

9. The company accrued an unrealized loss on investments accounted for at FV-NI. 

Instructions 

Identify the amount and classification (if any) of each item in the statement of cash flows prepared using the indirect method.