The following is Brice Corp.s comparative SFP at December 31, 2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020: Brice CORP. Comparative Statement of Financial Position 2020 2019 Increase (Decrease) Cash $27,500 $44,700 $(17,200 ) Accounts receivable 848,600 767,800 80,800 Inventory 720,300 676,200 44,100 Property, plant, and equipment 3,066,100 2,867,500 198,600 Accumulated depreciation (1,164,800 ) (1,008,300 ) 156,500 Investment in Bligh Corp., at equity 289,900 267,300 22,600 Loan receivable 251,500 0 251,500 Total assets $4,039,100 $3,615,200 Bank loan $145,800 $74,600 71,200 Accounts payable 754,100 815,900 (61,800 ) Income tax payable 35,800 46,300 (10,500 ) Dividends payable 65,100 86,200 (21,100 ) Lease liability 268,700 0 268,700 Common shares 901,100 901,100 0 Retained earnings 1,868,500 1,691,100 177,400 Total liabilities and shareholders equity $4,039,100 $3,615,200 Additional information:

1. On December 31, 2019, Brice acquired 25% of Bligh Corp.s common shares for $267,300. On that date, the carrying value of Blighs assets and liabilities was $1,069,200, which approximated their fair values. Having demonstrated the ability to exercise significant influence over its associate Bligh, Brice accounts for the investment using the equity method. Bligh reported income of $90,400 for the year ended December 31, 2020. No dividend was paid on Blighs common shares during the year.

2. During 2020, Brice lent $288,800 to TMC Corp., an unrelated company. TMC made the first semi-annual principal repayment of $37,300, plus interest at 10%, on December 31, 2020.

3. On January 2, 2020, Brice sold equipment costing $70,100, with a carrying amount of $42,400, for $40,100 cash.

4. On December 31, 2020, Brice entered into a right-of-use lease for equipment. The present value of the annual lease payments is $268,700, which equals the equipments fair value. Brice made the first rental payment of $50,700 when due on January 2, 2021.

5. Net earnings for 2020 were $242,500. The amount of income taxes paid was $150,100.

6. The amount of interest paid during the year was $16,600 and the amount of interest earned was $14,440. Brice has adopted the policy of classifying interest received and interest paid as operating cash flows.

7. Brice declared and paid cash dividends for 2020 and 2019 as follows: 2020 2019 Declared Dec. 15, 2020 Dec. 15, 2019 Paid Feb. 28, 2021 Feb. 28, 2020 Amount $65,100 $86,200

8. The bank loan listed in the comparative SFP represents a line of credit used to finance operating cash demands of the business. The limit set on the operating line by the lender is $700,000. Although the operating line functions similarly to a bank overdraft, at no time during 2020 did the operating line become reduced to nil. Prepare a statement of cash flows for Brice Corp. for the year ended December 31, 2020, using the indirect method, including any necessary additional note disclosures. Brice applies IFRS and has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities.

Prepare a statement of cash flows for Brice Corp. for the year ended December 31, 2020, using the indirect method, including any necessary additional note disclosures. Brice applies IFRS and has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities