Bramble Mills Limited follows IFRS, has a calendar year end, and adopted the policy of classifying interest paid as financing activities It engaged in the following transactions in 2020 1 The Land account increased by $56,600 over the year Land that originally cost $61,300 was exchanged along with a cash payment of $3,500 for another parcel of land with a fair value of $93,600 Additional land was acquired later in the year in a cash purchase 2 The Equipment account had a balance of $67,700 at the beginning of the year and $62,100 at the end The related Accumulated Depreciation account decreased over the same period from a balance of $24,200 to $14,800 Fully depreciated equipment that cost $11,100 was sold during the year for $1,100 In addition, equipment that cost $2,600 and had a carrying amount of $400 was discarded, and new equipment was acquired and paid for 3 A five year right of use lease for specialized equipment was entered into on July 2, 2020 Under the terms of the lease, the company agreed to make five annual payments (in advance) of $34,000, after which the equipment will revert to the lessor The present value of these lease payments at the 8 rate that is implicit in the lease was $146,612 The first payment was made as agreed Bramble depreciates equipment using the straight line method with no residual value Please answer part d Thank you Identify the amount(s) of the cash flows that result from the transactions and events recorded in part (b), and determine the classification of each one on the statement of cash flows within investing activities and financing activities (Show amounts that decrease cash flow with either a sign eg 15,000 or in parenthesise g (15,000) ) Investing Activities 1 Payment on Exchange of Land 3,500 Purchase of Land 24,300 2 Investing Activities Proceeds from Sale of Equipment 1,100 Purchase of Equipment 8,100 3 Financing Activities Increase in Interest Payable 4,504 Payment under Right of Use Lease 34,000 d) Prepare the corresponding amounts to those prepared in part (c) for the operating activities section of the statement of cash flows prepared using the indirect method (Show amounts that decrease cash flow with either a sign eg 15,000 or in parenthesis eg (15,000) ) 1 2 3

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Bramble Mills Limited follows IFRS, has a calendar year end, and adopted the policy of classifying interest paid as financing activities. It engaged in the

Bramble Mills Limited follows IFRS, has a calendar year end, and adopted the policy of classifying interest paid as financing activities. It engaged in the following transactions in 2020.

1.		The Land account increased by $56,600 over the year: Land that originally cost $61,300 was exchanged along with a cash payment of $3,500 for another parcel of land with a fair value of $93,600. Additional land was acquired later in the year in a cash purchase.
2.		The Equipment account had a balance of $67,700 at the beginning of the year and $62,100 at the end. The related Accumulated Depreciation account decreased over the same period from a balance of $24,200 to $14,800. Fully depreciated equipment that cost $11,100 was sold during the year for $1,100. In addition, equipment that cost $2,600 and had a carrying amount of $400 was discarded, and new equipment was acquired and paid for.
3.		A five-year right-of-use lease for specialized equipment was entered into on July 2, 2020. Under the terms of the lease, the company agreed to make five annual payments (in advance) of $34,000, after which the equipment will revert to the lessor. The present value of these lease payments at the 8% rate that is implicit in the lease was $146,612. The first payment was made as agreed. Bramble depreciates equipment using the straight-line method with no residual value.

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Please answer part d. Thank you!

Identify the amount(s) of the cash flows that result from the transactions and events recorded in part (b), and determine the classification of each one on the statement of cash flows within investing activities and financing activities. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesise.g. (15,000).) Investing Activities 1. Payment on Exchange of Land -3,500 Purchase of Land -24,300 2. Investing Activities Proceeds from Sale of Equipment 1,100 Purchase of Equipment -8,100 3 Financing Activities Increase in Interest Payable 4,504 Payment under Right-of-Use Lease -34,000 d) Prepare the corresponding amounts to those prepared in part (c) for the operating activities section of the statement of cash flows prepared using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) 1. 2. 3