Flounder House Inc. had the following condensed statement of financial position at December 31, 2019: FLOUNDER HOUSE INC. Statement of Financial Position December 31, 2019 Cash $10,700 Current liabilities $14,950 Current assets (non-cash) 34,050 Long-term notes payable 30,700 Bond investment at amortized cost 40,400 Bonds payable 32,550 Plant assets (net) 57,950 Common shares 80,400 Land 39,050 Retained earnings 23,550 $182,150 $182,150 Flounder House Inc. follows IFRS and chooses to classify dividends paid as financing activities and interest paid as operating activities on the statement of cash flows. During 2020, the following occurred: 1. Flounder House Inc. sold part of its investment portfolio in bonds for $15,800, resulting in a gain of $500. 2. Dividends totalling $17,100 were paid to shareholders. Dividends paid are treated as financing activities. 3. A parcel of land, to be used as a parking lot, was purchased for $4,600. 4. Common shares were issued for cash totalling $19,000. 5. Bonds payable of $9,800 were retired at par.