The following data were provided by the accounting records of Millwood Manufacturing Company at year-end, December 31, 2019: Statement of Financial Position (As of December 31) 2019 2018 Cash $ 30,705 $ 30,300 Accounts receivable 105,500 123,500 288,750 285,000 Inventory Property, plant, and equipment Accumulated depreciation 628,500 (268,080) 612,000 (305,000) Total assets $ 785,375 $ 745,800 $ 128,500 $ 124,500 18,575 33,550 5,555 3,750 Accounts payable Income taxes payable Dividend payable Interest payable Bonds payable Common shares Retained earnings Total liabilities and equities 5,000 115,000 80,500 220,000 150,000 332,495 313,750 $ 785,375 $ 745,800 Statement of Comprehensive Income (for the year-ended December 31, 2019) Sales $ 851,600 (338,500) Cost of goods sold Depreciation expense (75,580) Interest expense Other expenses (11,000) (70,500) (15,000) Loss on sale of operational assets Income tax expense (53,700) Net income $ 287,320 Analysis of Selected Accounts and Transactions: Sold operational assets for cash. Original cost of the operational asset was $150,000 and 75% depreciated; Purchased operational assets for cash; Purchased operational assets and exchanged commons shares of $50,000 in payment; Retired bonds payable at maturity by issuing common shares of $20,000; Other changes in asset, liability, and equity accounts flow from logical sources. Required: a. Prepare the Statement of Cash Flow (with any related notes disclosure) according to IFRS. (35 Marks) Use the indirect method to present the operating activities. Show cash paid of interest and income tax in the operating activities. Show cash paid of dividend in the financing activities. a. Assuming company received dividend in 2019. Which section of the cash flow will this amount be presented if the amount is separately disclosed. (5 Marks) If the company uses IFRS If the company uses ASPE