Costa SA uses the direct method to prepare its statement of cash flows. Costa's balance sheet and income statement on December 31, 2019 and 2018, are as follows. Rayan SA COMPARATIVE STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2019 AND 2018 Items 2019 2018 Change (170) Long-term investments 1,300 1.470 Plant assets 1,900 1,700 200 (1,170) (30) Accumulated depreciation Inventory (1,200) 1.600 1,900 (300) Accounts receivable 1,750 1,300 450 Cash 1.800 1.100 700 Total $7,150 $6,300 850 1.900 1.700 200 2.450 1.900 550 Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued liabilities 1,400 1.650 (250) 800 400 1.200 200 (50) 250 $6,300 Total $7,150 850 Rayan SA INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 Sales revenue Cost of goods sold Gross margin Selling and administrative expense Income from operations Other income and expense Gain on sale of investment Income before tax $6900 4,700 2,200 930 1,270 80 1,350 540 Income tax expense Net Income $810 Additional information: No plant assets were sold in 2019. Cash dividends were 260, Instructions Use the direct method to prepare either cash flows from operating activities or cash flows from investing and financing activities