Information from the statement of financial position and statement of income is given below for Blue Road Inc., a company following IFRS, for the year ended December 31. Blue Road has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Comparative Statement of Financial Position, at December 31 2020 2019 Cash $89,300 $47,650 Accounts receivable 92,000 37,200 Inventory 124,900 104,650 Investments in land 87,300 110,000 Property, plant, and equipment 286,000 211,000 Accumulated depreciation (49,300 ) (40,000 ) $630,200 $470,500 Accounts payable $53,100 $48,480 Accrued liabilities 12,300 19,230 Notes payable 132,000 72,000 Common shares 250,000 203,000 Retained earnings 182,800 127,790 $630,200 $470,500