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SFP accounts of Cullumber Inc., which follows IFRS, follow: Additional information: Cullumber has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. 1. Cash dividends declared during the year were $9,945. 2. A 20% stock dividend was declared during the year and $25,000 of retained earnings was capitalized. 3. FV-NI investments that cost $19,600 and had a fair value at December 31,2022 , of $25,250 were sold during the year for $22,990. (changes in these trading securities are shown net on the SCF) 4. Machinery that cost $3,770 and had $750 of depreciation accumulated was sold for $2,180. Cullumber's 2023 statement of income is as follows