1: Statement of Cash Flows (20 Marks)

S rin Enter rises Ltd. Balance Sheete December 31, 2019Q Cash Accounts Receivablee Pre id Ex ensese Invento Buildin and E ui mente Accumulated De reciation Total Assetse Accounts Pa ablee Salaries Pa ablee Income Tax Pa ablee Lon -term Debte Common Shares Retained Earnin se Total Liabilities and Shareholders' Equity Additional Information: 2019 $85,oooe 70,000 10,000 320,oooe 587,oooe 205 000 $75,oooe 25,000 32,oooe 215,oooe 120,000 400 oooe 2018 $80,000 73,oooe 15,oooe 299,oooe 550,oooe 184 000 $85,000 32,oooe 25,oooe 200,000 100,000 391 000 1. Equipment was purchased during the year for $104,000 cashe 2. Equipment was sold during the year for $43,000. The original cost of the asset was $67,000. (Hint: use a T-Account)e 3. Dividends were paid during the yeare Required: Prepare a Statement of Cashflows using the Indirect Method. A template has been provided below if you wish to use it for your response.