Exercise 22-16 (b) (direct method) Information from the statement of financial position and statement of inco me are given below for ?? t Road Inc., ? company folo ing IFRS for the year ended Decem ber 31 pint Road has adopted the policy of class ying Interest paid as operating activities and dividends paid as financing activities $94,400 $47.950 92,300 37,900 125,900 104,650 87,800 111,00O 293,000 210,000 49,000) (40,000) 1644,400 71,500 Accounts recelvabie Investments in land Property, plant, and equipment $54,100 $49,180 Accounts payable Accrued labilities Notes payable 12.100 254,600 204,000 183,800 126,790 Retained earnings 9644.400 71,500 Gain on sale of investment in land