Sault Ste. Marie Incorporated makes a wide range of widgets. The company has a December 31 year-end, follows IFRS and classifies interest paid as operating activities as well as dividends paid as financing activities. In 2021, $70 of common shares were issued in exchange for machinery. No machinery was sold in 2020. The carrying value of the FV-OCI investments and market values were the same on December 31, 2021.

2021 2020

Cash ................................................................ $ 1,935 $ 1,150

FV-OCI Investments ........................................... 1,300 1,420

AR................................................................... 1,750 1,300

Inventory ......................................................... 1,600 1,900

Machinery......................................................... 1,900 1,700

Accumulated depreciation.................................... (1,200) (1,170)

$ 7,285 $ 6,300

AP ................................................................... $ 1,200 $ 900

Accrued liabilities ............................................... 200 250

Mortgage payable .............................................. 1,400 1,550

Common shares................................................. 1,900 1,700

Retained earnings .............................................. 2,585 1,900

$ 7,285 $ 6,300

Furthermore, 2021 saw Sault Ste. Marie earn $6,900 in revenue while only having $4,700 worth of cost of goods sold and administrative expenses of $910. In addition to interest expense of $20 and a gain on disposal of FV-OCI investments of $80, the company also paid $405 of income tax in the year

. Required Use the direct method to prepare Sault Ste. Marie Incorporateds statement of cashflows as at December 31, 2021.