The statement of cash flows for the year ended December 31, 2021, for Whiteside Incorporated is presented below. $ 214,300 WHITESIDE INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Cash received from customers $ 500,000 Interest on notes receivable 12,800 Dividends received 5,300 Purchase of inventory (196,000) Payment of operating expenses (91,000) Payment of interest on debt (16,800) Net cash flows from operating activities Cash flows from investing activities: Sale of investments 46,000 Purchase of equipment (188,000) Net cash flows from investing activities Cash flows from financing activities: Proceeds from issuance of long-term debt 208,000 Reacquisition of common stock shares previously sold (144,000) Dividends paid to shareholders (50,800) Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 (142,000) 13, 200 85,500 72,900 $ 158,400 Required: Prepare the statement of cash flows assuming that Whiteside prepares its financial statements according to International Financial Reporting Standards (IFRS). Where IFRS allows flexibility, use the classification used most often in IFRS financial statements. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31