The following selected account balances were taken from the financial statements of Novak Inc. concerning its long- term investment in shares of Marigold Inc. over which it has had significant influence since 2017: Dec. 31, 2020 Dec. 31, 2019 Investment in associate, Marigold Inc. $505,300 $422,800 Investment income recorded for Marigold 22,000 11,300 At December 31, 2020, the following information is available: 1. Novak purchased additional common shares in Marigold Inc. on January 2, 2020, for $67,000. As a result of this purchase, Novak's ownership interest in Marigold increased to 50%. 2. Marigold reported income of $44,000 for the year ended December 31, 2020. 3. Marigold declared and paid total dividends of $13,000 on its common shares for the year ended December 31, 2020. Prepare a table that contrasts the direct and indirect methods for presenting all transactions related to the Novak Inc. investment on Novak's statement of cash flows based on the assumption that Marigold uses IFRS and adopts the policy of classifying dividends received as investing activities. Be specific about the classification in the statement for each item that is reported. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. Enter o for amounts.) Direct Indirect Operating Activities $ $ Investing Activities eTextbook and Media Save for Later Attempts: 0 of 5 used Submit