A5-20 Statement of Cash Flows (LO5.5): The following data was derived from the accounting records of NewFort Ltd. at year-end, 31 December 20X9: Additional information: a. Sold plant assets for cash; cost, $252,000; two-thirds depreciated. b. Purchased plant assets for cash. c. Purchased plant assets and exchanged unissued bonds payable of $190,000 in payment. d. Sold the long-term investments for cash. e. Retired bonds payable at maturity date by issuing common shares, $65,000. f. Other changes in asset, liability, and equity accounts flow from logical sources. Required: Page 298 1. Prepare the SCF, using the two-step indirect method to present the operations section. Omit separate disclosure of cash paid for interest and income tax in the operating activities section of the SCF. Include a list of non-cash transactions that would be presented in the disclosure notes. 2. Prepare the operating activities section of the SCF using the direct method