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Sarasota 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). Common shares Retained earnings SARASOTA LIMITED Income Statement Year Ended December 31, 2020 Sales Cost of goods sold Gross margin Administrative expenses Income from operations 1,295910 Other expenses and gains Interest expense $(20) Gain on disposal of FV-Nl investments Income before tax 1,35580$950405 Additional information: During the year, 570 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 same at December 31,2020 Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.y.(15,000). Enter amounts in thousands.) Cashi Flows from limesting Activities Net Cash Provlded by Operating Activities Net Cash Provided by Financing Activities Cash Flows from Financiag Activitios Net Decrease in Casth Net Cash Used by Irwesting Aethaties Cash, December 31, 2020 Net Cash Provided by investing Activities Cosh, Jamuary 1,2020 Net herease in Cash Net Cosh Used by Financing Activities Cash Flows trom Operating Activities Attemsits: 0 of 3 used Question 4 of 4 Non-cash investing and finaricing activities 5 Save for tater Attempts: 0 of 3 used

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