The income statement is correct. There was a error, it says Ashley Limited but it is for Ivanhoe Limited

Ivanhoe Limited, which follows IFRS, chooses to classify interest and dividends received as well as interest paid as operating activities and dividends paid as financing activities. Ivanhoe had the following information available at the end of 2020: IVANHOE LIMITED Comparative Statement of Financial Position December 31, 2020 and 2019 2020 2019 Cash $26,000 $0 Accounts receivable 13,800 17,040 FV-Nl investments 20,900 28,900 Inventory 42,100 39,100 Prepaid rent 6,900 10,000 Prepaid insurance 2,170 1,500 Supplies 3,200 3,080 Land 121,700 168,400 Buildings 350,000 350,000 (105,000) (87,500) Accumulated depreciation - Buildings Equipment 534,000 417,000 Accumulated depreciation - Equipment (130,000) (112,000) Patents 90,000 90,000 Accumulated amortization-Patents (45,000) (40,000) Total assets $930,770 $885,520 Temporary bank overdraft $0 $16,100 Accounts payable 22,000 20,000 5,000 6,000 Income tax payable Salaries and wages payable 4,100 500 Short-term notes payable (trade) 10,000 10,000 Long-term notes payable (non-trade) 60,000 70,000 Deferred tax liability 30,000 25,000 Bonds payable 375,000 375,000 Common shares 270,670 248,320 Retained earnings 154,000 114,600 Total liabilities and shareholders' equity $930,770 $885,520 ASHLEY LIMITED Income Statement Year Ended December 31, 2020 Sales revenue $1,210,000 Cost of goods sold (801,000) Gross margin 409,000 Operating expenses Selling expenses $39,600 Administrative expenses 124,800 Salaries and wages expense 91,600 Depreciation and amortization expense 40,500 Total operating expenses (296,500) Income from operations 112,500 Other revenues/expenses Gain on disposal of land 8,800 Investment income (Note 1) 6,500 Interest expense (41,500) (26,200) Income before taxes 86,300 Income tax expense (28,800) Net income $57,500 Note 1: Investment income generated by (FV-NI) investments includes dividend income of $2,400 and a gain on disposal of investments of $4,100. (a) Prepare a statement of cash flows for Ivanhoe Limited using the direct method, accompanied by a schedule that provides cash flow from operations using the indirect approach. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000). Round answers to O decimal places, e.g. 5,275.) Ivanhoe Limited Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash Received from Customers $ Interest Paid - 16100 Increase in Accounts Payable