The comparative statement of financial position of Flint Inc. as at June 30, 2020, and a statement of comprehensive income for the 2020 fiscal year follow:

FLINT INC. Statement of Financial Position June 30, 2020
		June 30
Assets		2020			2019
Cash		$	20,000		$	41,000
Accounts receivable			86,500			74,200
Inventory			103,500			101,400
Prepaid expenses			3,000			5,300
FV-OCI investments			47,800			45,200
Equipment			172,000			158,000
Accumulated depreciationequipment			(34,800	)		(23,400	)
Total		$	398,000		$	401,700
Liabilities and Shareholders Equity
Accounts payable		$	105,000		$	97,000
Income tax payable			1,700			3,400
Dividends payable			4,600			0
Long-term notes payable			85,500			118,000
Common shares			30,600			24,600
Retained earnings			159,400			150,100
Accumulated other comprehensive income			11,200			8,600
Total		$	398,000		$	401,700

FLINT INC. Statement of Comprehensive Income For the Year Ended June 30, 2020
Net sales		$320,000
Cost of goods sold		174,000
Gross profit		146,000
Operating expenses		115,500
Income from operations		30,500
Interest expense		8,500
Income before income tax		22,000
Income tax		5,000
Net income		17,000
Other comprehensive income
Unrealized gain or lossOCI		2,600
Comprehensive income		$ 19,600

Additional information:

1.		Flint follows IFRS. Assume that interest is treated as an operating activity for purposes of the statement of cash flows.
2.		Operating expenses include $11,400 in depreciation expense.
3.		There were no disposals of equipment during the year.
4.		Common shares were issued for cash.
5.		During the year, Flint acquired $8,400 of equipment in exchange for long-term notes payable.

Prepare the statement of cash flows for Flint for the year ended June 30, 2020, using the indirect method along with any necessary note disclosure.

Prepare the operating activities section of the statement of cash flows for Flint using the direct method.