Costa SA uses the direct method to prepare its statement of cash flows. Costa's balance sheet and income statement on December 31, 2019, and 2018, are as follows. Rayan SA COMPARATIVE STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2019 AND 2018 Items 2019 2018 Change Long-term investments 1,300 1,470 (170) Plant assets 1,900 1,700 2001 Accumulated depreciation (1,200) (1,170) (30) Inventory 1,600 1,900 (300) Accounts receivable 1,750 1,300 450 Cash 1,800 1,100 700 Total $7,150 $6,300 850 Share capital-ordinary 1.900 1,700 200 Retained earnings 2,450 1,900 550 Bonds payable 1,400 1,650 (250 Accounts payable 1,200 800 400 Accrued liabilities 200 250 (50) Total $7,150 $6,300 850 250 (50) $6,300 850 Accrun liabilities 200 Total $7,150 Rayan SA INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 Sales revenue $6900 4,700 2,200 Cost of goods sold Gross margin Selling and administrative expense Income from operations Other income and expense Gain on sale of investment Income before tax 930 1,270 80 1,350 Income tax expense 540 Net income $810 Additional information: No plant assets were sold in 2019. Cash dividends were 260, Instructions Use the direct method to prepare either cash flows from operating activities or cash flows from investing and financing activities