Question 5 Flint Corporation uses IFRS to prepare its 2021 statement of cash flows. It has elected to prepare the statement using the indirect method and to classify dividends paid as financing activities and interest paid as operating activities on the statement of cash flows. A list of the activities that occurred during the year is as follows: For each of the above activities, indicate the following: i) which section of the statement of cash flows is affected if any (operating, investing and financing); ii) the amount and the effect on the statement of cash flows (increase, decrease or no effect on cash flows) Section of Statement of Cash Flows Effect 1. Decrease in accounts receivable of $1,900 2. Purchase of a FV-NI investment for $6,100 3. Sale of a FV-NI investment for $9,600 Loss on sale of $900 4. Goodwill impairment loss of $3,100 5. Decrease in dividends payable of $1,800 6. Purchase of land for $165,000 7. Issue common shares for $60,000 8. Conversion of bond payable into common shares