Exercise 22-17 (b) (direct method) Bramble Limited, which follows IFRS, has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Condensed financial data for 2020 and 2019 follow (in thousands): BRAMBLE LIMITED Comparative Statement of Financial Position December 31 2020 2019 Cash $1,980 $1,150 FV-NI investments 1,300 1,420 Accounts receivable 1,855 1,350 Inventory 1,685 2,020 Plant assets 1,985 1,760 Accumulated depreciation (1,200 (1,170) $7,605 $6,530 Accounts payable Accrued liabilities Mortgage payable Common shares Retained earnings $1,305 295 1,390 2,010 2,605 $7,605 $950 345 1,575 1,760 1,900 $6,530 BRAMBLE LIMITED Income Statement Year Ended December 31, 2020 Sales Cost of goods sold Gross margin Administrative expenses Income from operations Other expenses and gains Interest expense $(20) Gain on disposal of FV-NI investments 80 Income before tax Income tax expense Net income $6,895 4,700 2,195 910 1,285 60 1,345 405 $940 Additional information: During the year, $ 70 of common shares were issued in exchange for plant assets. No plant assets were sold in 2020. The FV-NI investments carrying amount and market value were the same at December 31, 2020. Pronare a statement of cash flows using the direct method (Shaw amounts that decrease cash flow with either asian A w