Blossom 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. Blossom had the following information available at the end of 2020:

BLOSSOM LIMITED Comparative Statement of Financial Position December 31, 2020 and 2019
			2020			2019
Cash			$28,000			$ 0
Accounts receivable			13,300			16,650
FV-NI investments			18,600			27,600
Inventory			42,000			37,800
Prepaid rent			6,820			13,420
Prepaid insurance			2,010			1,290
Supplies			3,000			2,910
Land			126,300			179,500
Buildings			350,000			350,000
Accumulated depreciation - Buildings			(105,000	)		(87,500	)
Equipment			518,000			404,000
Accumulated depreciation - Equipment			(130,000	)		(112,000	)
Patents			90,000			90,000
Accumulated amortizationPatents			(45,000	)		(40,000	)
	Total assets		$918,030			$883,670
Temporary bank overdraft			$ 0			$18,800
Accounts payable			22,000			20,000
Income tax payable			5,000			6,000
Salaries and wages payable			5,000			1,300
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			257,030			242,970
Retained earnings			154,000			114,600
	Total liabilities and shareholders equity		$918,030			$883,670
ASHLEY LIMITED Income Statement Year Ended December 31, 2020
Sales revenue						$1,190,000
Cost of goods sold						(781,000	)
Gross margin						409,000
Operating expenses
	Selling expenses		$39,200
	Administrative expenses		124,000
	Salaries and wages expense		92,300
	Depreciation and amortization expense		40,500
	Total operating expenses					(296,000	)
Income from operations						113,000
Other revenues/expenses
	Gain on disposal of land		7,400
	Investment income (Note 1)		6,500
	Interest expense		(42,100	)		(28,200	)
Income before taxes						84,800
Income tax expense						(28,300	)
Net income						$56,500

Note 1: Investment income generated by (FV-NI) investments includes dividend income of $2,300 and a gain on disposal of investments of $4,200. (a) Prepare a statement of cash flows for Blossom 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 e.g. -15,000 or in parenthesis e.g. (15,000). Round answers to 0 decimal places, e.g. 5,275.)

Blossom Limited Statement of Cash Flows December 31, 2020For the Year Ended December 31, 2020For the Month Ended December 31, 2020