Exercise 22-16 (a) (indirect method) Information from the statement of financial position and statement of income are given below for Blue Road Inc., a company following IFRS, for the year ended December 31. Blue Road has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Comparative Statement of Financial Position, at December 31 2016 Cash Accounts receivable Inventory Investments in land Property, plant, and equipment Accumulated depreciation 2017 $89,300 92,000 124,900 87,300 $47,650 37,200 104,650 110,000 286,000 211,000 (49,300) (40,000) $630,200 $470,500 Accounts payable Accrued liabilities Notes payable Common shares Retained earnings $53,100 $48,480 19,230 72,000 250,000 203,000 127,790 $630,200 $470,500 12,300 132,000 182,800