The statement of cash flows for the year ended December 31, 2024, for Bronco Metals is presented below.

Required:
Prepare the statement of cash flows assuming that Bronco prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility, use the classification used most often in IFRS financial statements.

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BRONCO METALS Statement of Cash Flows For the Year Ended December 31, 2024 $353,000 4,000 2,400 (186,000) (67,000) Cash flows from operating activities: Collections from customers Interest on notes receivable Dividends received from investments Purchase of inventory Payment of operating expenses (continued)