f Ch 22: Homework Question 7 of 8 - /1 E View Policies Current Attempt in Progress Flint Inc. reports under IFRS and has adopted the policy of classifying interest received as an investing activity. During 2020, Yang lent $29,100 to a key supplier in exchange for a two-year interest-bearing promissory note. Interest revenue earned on the note and recorded on the statement of income was in the amount of $1,500 and a balance of $500 for interest receivable was reported on the statement of financial position at December 31, 2020, relating to the note. Prepare Flint's cash flows from (used by) investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000.) Flint Inc. Statement of Cash Flows Question 7 of 8 -/15 View Policies Current Attempt in Progress Flint Inc. reports under IFRS and has adopted the policy of classifying interest received as an investing activity. During 2020, Yang lent $29,100 to a key supplier in exchange for a two-year interest-bearing promissory note. Interest revenue carned on the note and recorded on the statement of income was in the amount of $1.500 and a balance of $500 for interest receivable was reported on the statement of financial position at December 31, 2020, relating to the note. Prepare Flint's cash flows from (used by) investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis eg. (15,000).) Flint Inc. Statement of Cash Flows For the Month Ended December 31, 2020 December 31, 2020 For the Year Ended December 31, 2020 $ Flint Inc. Statement of Cash Flows $ $ Net Cash Used by Investing Activities Net Cash Used by Financing Activities Cash at Beginning of Period Net Cash Provided by Operating Activities Net Cash Used by Operating Activities Net Decrease in Cash Cash at End of Period Cash Flows from Financing Activities Net Cash Provided by Investing Activities Net Increase in Cash Net Cash Provided by Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Assistance Used Attempts: 0 of 3 used Submit Answer Flint Inc. Statement of Cash Flows