Filbert Corp's 20X2 financial statements  showed the following:

Additional information: During the year, equipment with an original cost of $ 164,000 was sold for cash.

Required:
1. Prepare the SCF, in good form. Include required note disclosure of non- cash transactions. Omit the separate disclosure of cash flow for interest, investment income, and income tax. Make logical assumptions regarding the nature of change in asset, liability, and equity accounts.
2. Explain the company's cash transactions for the year, based on the SCF.

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$842,100 Sales Cost of goods sold Depreciation Other operating expenses Income tax Loss on sale of equipment Gain on sale of investment Net earnings and comprehensive income $320,000 42,000 125,900 72,400 5,100 (3,200) 562,200 279,900 As at December 31 20X2 20X1 113,800 147,000 308,000 913,000 (379,000) 2 90,600 169,200 289,000 783,000 Accounts receivable Inventory Equipment Less: accumulated depreciation Investment Total (377,000) 90,000 130,000 $1,192,800 $1084 800 101,800 171,200 1,600 1 Accounts payable Income tax payable Bonds payable Common shares Retained earnings Total 16,300 75,000 504,000 495,700 504,000 398,000 $1,192,800 $1084800 2