The following is the Statement of Financial Position and the Statement of Income for Markus Limited:

Markus Limited

Statement of Financial Position

As at December 31, 2021

	2021	2020
Assets
Cash	$ 57,600	$ 53,850
Accounts receivable	58,000	51,000
FVTOCI investment in shares	63,000	84,000
FVTPL investments	58,000	66,000
Inventory	40,000	60,000
Prepaid rent	5,000	4,000
	$ 281,600	$ 318,850
Land	250,000	80,000
Equipment	154,000	130,000
Accumulated depreciation	-35,000	-25,000
	$ 369,000	$ 185,000
	$ 650,600	$ 503,850
Liabilities and Shareholders' Equity
Accounts payable	46,000	40,000
Income Tax Payable	4,000	6,000
Unearned revenue	25,000	20,000
Long term loans payable	60,000	69,000
	$ 135,000	$ 135,000
Common shares	$ 130,000	$ 130,000
Retained earnings	375,600	192,850
AOCI- FVTOCI investments	10,000	46,000
	515,600	368,850
	$ 650,600	$ 503,850

Markus Limited

Statement of Income

For the Year Ended December 31, 2021

Revenue		$ 372,800
Cost of Goods Sold		195,000
Gross margin		177,800
Operating expenses		120,000
Operating income		57,800
Interest expense	(11,400)
Gain on disposal of equipment	2,000
FV adjustment on FVTPL investments	8,000
Gain on sale of FVTPL investments	6,500	5,100
Income before tax		62,900
Income tax expense		12,750
Net income		50,150
OCI- FVTOCI investments		-36,000
Comprehensive income		$ 14,150

Additional Information:

1.Depreciation expense of $24,000 is included in operating expenses

2.Equipment with a cost of $20,000 that was 70% depreciated was sold during the year

3.FVTOCI investments were purchased in July 2021, for a cost of $15,000. By December 31, 2021, the fair value of the portfolio of FVTOVI investments decreased to $63,000. No FVTOCI investments were sold in the year.

4.Bad Debt expense of $2,800 is included in other operating expenses

5.Fair value through profit and loss investments with a carrying value of $35,000 were sold in 2021

6.The allowance for doubtful accounts at the beginning of the year was $2,100 and $3,100 at the end of the year

Calculations to do:

Calculate the cash flow from operations section of the Statement of Cash Flow using the indirect method

Calculate the cash flow from operations section of the Statement of Cash Flow using the direct method

Calculate cash flow from investing activities

***Please answer questions with steps to perform the calculations for this question***