A. Prepare Keene Doagnostics Inc. 's statement of cash flows, using the indirect method to present cash flows from operating activities.

2. Presented below are the 2021 ircome statement anty Diagnostics, Inc, Additional information for the 2021 fiscal year ( $ in thousands): a. Cash dividends of $1,500 were declared and paid. b. Equipment costing $5,000 was purchased with eash. c. Equipment with a book value of $500 (cost of $1,500 less accumulated depreciation of $1,000 ) was sold for $500. d. Depreciation of $1,600 is included in operating expenses. Required: a. Prepare Kenne Diagnostics, Inc. 's 2021 statement of cash flows, using the indirect method to present cash flows from operating activities b. LAS No, 7 [Statement of Cash Flows "International Accounting Standard No. 7 (IASCF), as amended effective Jan.1, 2016] allows more flexibility to companies to prepare the statement of cash flows. How does IFRS differ from US-GAAP in terms of the classification of items in a statement of cash flows? (20 points)