41. Surf Company follows IFRS for its external financial reporting. The following amounts were

available at December 31, 2021:

Interest paid $22,000 Dividends paid 16,000

Taxes paid 37,000

Under IFRS, what is the maximum amount that could be reported for cash used by

operating activities for Surf Company for the year ended December 31, 2021? a.

$59,000

b. $38,000

c. $53,000

d. $75,000