Please don't answer the same as previous expert answer's.

Show calculation please.

Thank you.

TRApp2-2 SCF-Cash from Operating Activities, Direct Method: Continuing from TRApp2-1, the SCI for Iraj Ltd. follows: Statement of Comprehensive Income, for the Year Ended 31 December, 20x5 (in thousands): Sales $3,750 1.500 2.250 $165 870 Cost of goods sold Gross profit Depreciation expense Selling and administrative expenses Interest expense Earnings before income tax Income tax expense Earnings and comprehensive income 135 1.170 1,080 180 $ 900 Required: Using the SCI and the facts from TRApp2-1. prepare the operating section of the SCE Cash paid for interest is included in the financing activities sections. Page 1635 TRApp2-1 SCF-Cash from Operating Activities: Selected accounts from the SFP of Iraj Ltd. at 31 December 20X5 and 20x4 are presented below, in thousands. Traj reported earnings of $900 in 20X5, and depreciation expense was $165. Bonds of $150 par value were issued during the period for $135 and a discount of $15 was originally recorded. Page 1634 As at 31 December 20X5 20X4 Accounts receivable $450 $630 375 260 225 285 60 Inventory Accounts payable Interest payable Deferred income tax liability Bonds payable Discount on bonds payable 20 210 150 750 600 (33) (35) Required: 1. Prepare the operating activities section of the SCF, using the indirect approach and the two-step presentation method. 2. Calculate cash paid for interest and income tax, assuming that interest expense is $135 and income tax expense is $180