Ivanhoe Corporation reported the following information (in thousands) at December 31, 2018: 2018 Dividends payable $ 25 2017 $ 5 Bank loan payable-current portion 220 220 Bank loan payable-non-current portion 500 325 Common shares 690 Retained earnings 800 500 515 Additional information: 1. The bank loan was increased by additional borrowings of $320 to partially finance the purchase of new equipment that cost $620. The bank loan was decreased by repayments. Common shares were issued during the year. None were reacquired. 2. 3. Dividends were paid during the year. 4. Net income for the year was $490. Prepare the financing activities section of Ivanhoe's statement of cash flows for the year. (Show amounts that decrease cash flow with either a sign eg. -15,000 or in parenthesise.g. (15,000).) IVANHOE CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Financing activities Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $620 by paying $300 cash and issuing as bank loan payable