Tobin Limited, which follows IFRS, has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Condensed financial data for 2020 and 2019 follow in thousands): TOBIN LIMITED Comparative Statement of Financial Position December 31 2020 2019 Cash FV-NI investments Accounts receivable Inventory Plant assets Accumulated depreciation $ 1,930s 1,300 1,750 1,600 11,900 - 6.300 $ 12,180S 1,500 1,430 1,300 1.900 10,700 6.500 10.330 Accounts payable Accrued liabilities Mortgage payable Common shares Retained carnings $ 1,200 900 2.200 2,250 3,400 3.700 2,500 2.000 2.880 1.480 S 12.180 S 10,330 TOBIN LIMITED Income Statement Year Ended December 31, 2020 $ 16,900 10.700 6,200 4,300 1,900 Sales Cost of goods sold Gross margin Administrative expenses Income from operations Other expenses and gains Interest expense Gain from disposal of plant assets Unrealized loss on investments (FV-NI) Income before tax Income tax expense Net income S (20) 260 (130) 110 2,010 410 1,600 Additional information: During the year, $400 of common shares were issued in exchange for plant assets. Plant assets with originally costs of S3,800 and book values of $800 were sold at gains of $260 in 2020. No FV-NI investments were purchase or sold during 2020, Instructions 1. Prepare a statement of cash flows using the indirect method. 2. Show any additional information needs to be disclosed as a note to the statement of cash flows. 3. Prepare a statement of cash flows using the direct method. Show any additional information needs to be disclosed as a note to the statement of cash flows. 4. Does Tobin Limited have any options on how to classify interest and dividends paid on the statement of cash flows