The comparative unclassified statement of financial position for Ivanhoe Ltd. follows: Additional information pertaining to 2021 : 1. Net income was $115,900. 2. Sales were $996,000. 3. Cost of goods sold was $756,000. 4. Operating expenses were $49,000, exclusive of depreciation expense. 5. Depreciation expense was $41,000. 6. Interest expense was $13,000. 7. Income tax expense was $27,000. 8. Long-term investments were sold at a gain of $5,900. 9. No equipment was sold during the year. 10. $78,500 of the bank loan was repaid during the year. 11. Common shares were issued for $43,000, Prepare a statement of cash flows using the direct method