You are preparing the statement of cash flows for Company Bee under the indirect method. Company Bee produces and sells products sourced from beehives. As the company upgraded its manufacturing plant, it sold some of its equipment for a gain. Company Bee also entered into a five-year loan with regular interest payments. The company is profitable in the current year and paid dividends to investors. Under the indirect method of preparing the statement of cash flows, which of the following may be an adjustment to net profit or loss when calculating operating cash flows? i. Depreciation ii. Dividends paid iii. Gain on sale of fixed assets iv. Interest expense

ii, iii and iv

i, ii and iv

i, ii and iii

i, iii and iv