BRONCO METALS Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Collections from customers $ 373, eee Interest on note receivable 4,400 Dividends received from 2,800 investments Purchase of inventory (190,000) Payment of operating expenses (63, 000) Payment of interest'on note payable (8,400) Net cash flows from operating activities $118, see Cash flows from investing activities: Collection of note receivable 120, eae Purchase of equipment (194,000) Net cash flows from investing activities (74, eee) Cash flows from financing activities: Proceeds from issuance of common stock 240, een Dividends paid (44,000) Net cash flows from financing activities 196, eee Net increase in cash 248,888 Cash and cash equivalents, 28,200 January 1 Cash and cash equivalents, December 31 $269, eee Required: Prepare the statement of cash flows assuming that Bronco prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility, use the classification used most often in IFRS financial statements. (Amounts to be deducted should be indicated with a minus sign.) BRONCO METALS Statement of Cash Flows For the Year Ended December 31, 2018