Please answer those two questions.

BRONCO METALS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Collections from customers 5 433,000 Interest on notes receivable 5,600 Dividends received from investments 4,089 Purchase of inventory (202,200) Payment of operating expenses (75,000) Payment of interest on notes payable (9,600) Net cash flows from operating activities Cash flows from investing activities: Collection of notes receivable 188,888 Purchase of equipment (314,009) Net cash flows from investing activities Cash flows from financing activities: Proceeds from issuance of common stock 360,000 Dividends paid to shareholders ( 56,000) Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 $ 156,000 (134,800) 304,800 326,000 27,000 $ 353,000 Required: Prepare the statement of cash flows assuming that Bronco prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility use the classification used most often in IFRS financial statements (Amounts to be deducted should be indicated with a minus sign.) BRONCO METALS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: $ Net cash flows from operating activities Cash flows from investing activities Net cash flows from operating activities Cash flows from investing activities: $ 0 0 Net cash flows from investing activities Cash flows from financing activities: 0 Net cash flows from financing activities Net increase in cash Cash and cash equivalents. January 1 Cash and cash equivalents December 31 GA 0 ch The Massoud Consulting Group reported net income of $1,376,000 for its fiscal year ended December 31, 2021 In addition, during the year the company experienced a positive foreign currency translation adjustment of $350,000 and an unrealized loss on debt securities of $90,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income for 2021. (Amount to be deducted should be indicated with a minus sign.) THE MASSOUD CONSULTING GROUP Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income Other comprehensive income, net of tax Foreign currency translation adjustment Loss on debt securities Total other comprehensive income Comprehensive Income