7. Prepare Bella Bella's Statement of Cash Flows for the year ended December 31, 2015. Bella Bella uses the indirect method for calculating cash flows from operating activities. The company follows IFRS and has elected to treat dividends paid as a financing activity [10 marks] Bella Bella Corporation Statement of Financial Position December 31, 2014 Cash Accounts Receivable (net) FV-NI investments Equipment S20,000 Accounts Payable 21,200 Bonds Payable 32,000 Common Shares 119,000 Retained Earnings $30,000 41,000 100,000 23,200 ccumulated depreciation (38,000) Land Information for fiscal 2015: a. Bella Bella Corporation liquidated its FV-NI investment portfolio at a loss of S5,000 40,000 $194,200 $194,200 b. A piece of land was purchased for S38,000 Additional common shares were issued for cash proceeds of S30,000 S10,000 of dividends were declared and paid to common shareholders d. e. f. g. h. Net income was $35,000 Depreciation expense in 2015 was $12,000 Issued S30,000 in bonds to acquire new equipment December 31, 2015 balances were: Cash $70,200, Accounts Receivable (net) $42,000 and Accounts Payable $40,000