The statement of cash flows for the year ended December 31, 2021, for Whiteside Incorporated is presented below. WHITESIDE INCORPORATED Statement of Cash Plown For the Year Ended December 31, 2021 Cash flows from operating activities: Canh received from cuntomera Interest on notes receivable Dividends received Purchane of inventory Payment of operating expenses Payment of interest on debt Net canh flows from operating activities Cash flows from investing activities: Sale of investments $ 320,000 11,000 3,500 (106,000) (7, 000) (15,000) $ 140,500 37,000 (170,000) Purchane of equipment Net cash flows from investing activities Cash flows from financing actvities: Proceeds from issuance of long-term debt Reacquisition of common atock ahares previously sold Dividends paid to shareholders Net cash flows from financing activities Net increase in cash Cash and cash equivalenta, January 1 (133,000) 190,000 (135,000) (49,000) 6,000 13,500 63,900 $ 77,400 Cash and cash equivalents, December 31 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.) WHITESIDE INCORPORATED 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 %24 %24