The statement of cash flows for the year ended December 31, 2021, for Bronco Metals is presented below.

BRONCO METALS
Statement of Cash Flows
For the Year Ended December 31, 2021
Cash flows from operating activities:
Collections from customers	$	368,000
Interest on notes receivable		4,300
Dividends received from investments		2,700
Purchase of inventory		(189,000	)
Payment of operating expenses		(62,000	)
Payment of interest on notes payable		(8,300	)
Net cash flows from operating activities					$	115,700
Cash flows from investing activities:
Collection of notes receivable		115,000
Purchase of equipment		(184,000	)
Net cash flows from investing activities						(69,000	)
Cash flows from financing activities:
Proceeds from issuance of common stock		230,000
Dividends paid to shareholders		(43,000	)
Net cash flows from financing activities						187,000
Net increase in cash						233,700
Cash and cash equivalents, January 1						28,300
Cash and cash equivalents, December 31					$	262,000

Required: Prepare the statement of cash flows assuming that Bronco prepares its financial statements according to International Financial Reporting Standards. 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.)