5. The following balances were extracted from N's financial statements: Extracts from the statement of financial position as at 31 December Extract from statement of profit or loss for the year ended 31 December 2022 Income tax expense 135,000 The amount of tax paid that should be included in N's statement of cash flows for the year ended 31 December 2022 is: A. 156,000 B. 114,000 C. 135,000 D. 21,000 6. IAS 7 Statement of cash flows sets out the three main headings to be used in a statement of cash flows. Items that may appear on a statement of cash flows include: (i) Tax paid (ii) Purchase of investments (iii) Loss on disposal of machinery (iv) Purchase of equipment Which of the above items would be adjusted / included under the heading "Cash flows from operating activities" according to IAS 7 indirect method? A. (i) and (ii) B. (i) and (iii) C. (ii) and (iv) D. (iii) and (iv) 
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