Fantasy Corp. Statement of financial position As at December 31 20X4 20X3 Cash $ 43,000 $ 28,000 Accounts receivable 117,000 104,000 Inventory 59,000 64,000 Prepaid expenses 8,000 6,000 Investment in financial assets at amortized cost 44,000 42,000 Investment in associate 260,000 224,000 Property, plant and equipment (net) 479,000 325,000 Land 200,000 200,000 $ 1,210,000 $ 993,000 Accounts payable $ 30,000 $ 20,000 Income taxes payable 4,000 7,000 Dividends payable 16,000 13,000 Other current liabilities 68,000 54,000 Finance lease 200,000 0 Long-term debt 360,000 0 Bonds payable 0 498,000 Share capital 180,000 150,000 Retained earnings 352,000 251,000 $ 1,210,000 $ 993,000 Fantasy Corp. Statement of comprehensive income Year ended December 31 20X4 Sales $ 562,000 Depreciation expense (60,000) Interest expense (18,000) Other expenses (294,000) Interest revenue 11,000 Investment income associate 64,000 $ 265,000 Loss on sale of property, plant and equipment (10,000) Gain on redemption of bonds 6,000 Income before income tax expense $ 261,000 Income tax expense (64,000) Net and comprehensive income $ 197,000 Additional information: ? A $30,000 stock dividend was declared and distributed during 20X4. ? $200,000 of equipment was acquired under a finance lease at the end of 20X4. ? Equipment with a net book value of $70,000 was disposed of during 20X4. ? The change in value of the investment in financial assets at amortized cost was due to amortization of the discount. ? Fantasy Corp. shareholdings in its associate did not change during the year. ? Fantasy Corp. elects to classify interest and dividends received and interest paid as operating activities and dividends paid as financing activities ? Fantasy Corp. accounts for its investments is associates using the equity method. ? Fantasy Corp. received $28,000 cash in dividends from associates. 1. What is the amount that Fantasy Corp. will report as cash from financing activities on its statement of cash flows for its year ended December 31, 20X4? a) $195,000 cash outflow b) $198,000 cash outflow c) $201,000 cash outflow d) $225,000 cash outflow