Oswald Ltd. has recently decided to go public and has hired you as their independent accountant. They wish to adhere to IFRS and know that they must prepare a statement of cash flows. Their financial statements for 2020 and 2019 are provided below: Statements of Financial Position Dec 31/20 $ 51,000 Dec 31/19 Cash $ 24,000 Accounts receivable 45.000 27,000 Merchandise inventory 48,000 60,000 Property, plant and equipment $76,000 $120,000 Less accumulated depreciation (40,000) 36,000 (38,000) 82,000 Total Assets $180,000 $193,000 Accounts payable $ 22,000 $ 12,000 Income taxes payable 44,000 49,000 Income taxes payable 44,000 49,000 Bonds payable 45,000 75,000 Common shares 27,000 27,000 42,000 Retained earnings 30,000 Total Liabilities & Shareholders' Equity $180,000 $193,000 Income Statement Year ended December 31, 2020 $1,050,000 Sales 894,000 Cost of sales 156,000 Gross profit 99,000 Selling and administrative expenses 57,000 Income from operations 9,000 Interest expense 48,000 Income before taxes 12,000 Income taxes $ 36,000 Net income The following additional data were provided for calendar 2020: 1. Dividends declared and paid were $24,000. 2. Equipment was sold for $30,000. This equipment originally cost $44.000, and had a book value of $36,000 at the time of sale. The loss on sale was included in "selling and administrative expenses." as was the depreciation expense for the year. 3. Bonds were retired during the year at par. On a statement of cash flows for calendar 2020, the cash provided by (used in) investing activities is O $6,000. $30,000 O $(44,000). $(36,000)