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	$ 1,930	$ 1,500
FV-NI investments	1,300	1,430
Accounts receivable	1,750	1,300
Inventory	1,600	1,900
Plant assets	11,900	10,700
Accumulated depreciation	- 6,300	- 6,500
	$ 12,180	$ 10,330
Accounts payable	$ 1,200	$ 900
Accrued liabilities	2,200	2,250
Mortgage payable	3,400	3,700
Common shares	2,500	2,000
Retained earnings	2,880	1,480
	$ 12,180	$ 10,330

TOBIN LIMITED Income Statement Year Ended December 31, 2020
Sales		$ 16,900
Cost of goods sold		10,700
Gross margin		6,200
Administrative expenses		4,300
Income from operations		1,900
Other expenses and gains
Interest expense	$ (20)
Gain from disposal of plant assets	260
Unrealized loss on investments (FV-NI)	(130)	110
Income before tax		2,010
Income tax expense		410
Net income		$ 1,600

Additional information: During the year, $400 of common shares were issued in exchange for plant assets. Plant assets with originally costs of $3,800 and book values of $800 were sold at gains of $260 in 2020. No FV-NI investments were purchase or sold during 2020.

Instructions Prepare a statement of cash flows using the indirect method. Show any additional information needs to be disclosed as a note to the statement of cash flows. 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. Does Tobin Limited have any options on how to classify interest and dividends paid on the statement of cash flows?