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Ayayal Limited, which follows IFR5, has adopted the policy of classifying interest paid as operating...

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Accounting

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Ayayal Limited, which follows IFR5, 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): Retained earnings: $7,2802,555$6,3201,900 AYAYAI LIMITED Income Statement Year Ended December 31, 2020 Sales Cast of goods sold Gross margin Administrative expenses Income from operations Other expenses and gains Interest expense Cain on disposal of FY:NI investinents income before tax income tax expense Net income 10351001.30560 Additionalinfomation: During the vear, $70 of common shares were issued in exchange for plant assets. No plant assets Were sold in 2020. The FV-NI investments' carrying amount and market value were the sarne at December 31:2020. Prepare a statement of cash flows using the indirect method t Show amounts that decrease cash flow with either a sign e. 15,000 or in parenthesis e s. (15,000}. Enter amounts in theusands. Question 3 of 4 Adjustments to reconcile net income to net cash provided by operating activities: Nan-cach investing and financing activities 8 5

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