Below are the income statement and comparative balance sheet of Doone Corporation for year ending Dec 31, 2019 is given below. All amounts in Canadian dollars. Required: Prepare the cashflow statement, clearly including operating, financing and investing activities up to the net change in cash using the Indirect method as of Dec 31, 2019. Doone Corporation Income Statement For the Year ended Dec 31, 2019 Sales Revenue 670,000 Less: Cost of Goods Sold 340,000 Gross Profit 330,000 Less: Selling, General and Administrative Expenses 85.000 Operating profit 245,000 Less: Depreciation expense 55,000 Earnings before interest and taxes 190,000 Less: Interest expense 25,000 Earnings before taxes 165,000 Less: tax expense (40%) 66,000 Net Income 99,000 Doone Corporation Comparative Balance Sheet Dec 31, 2018 and 2019 2018 2019 Cash 12,000 16,000 Marketable securities 23,000 24,000 Accounts receivables 50,000 65.000 Inventory 60,000 55,000 Investments 62.000 51.000 Total current assets 207,000 211,000 Property, Plant & Equipment 540,000 630,000 Less: Accumulated Depreciation 55,000 75,000 Net Prop., Plant & Equipment 485,000 555,000 Total Assets 492.000 100 50,000 60,000 Accounts receivables 65,000 Inventory 55,000 Investments 51.000 Total current assets 211,000 62.000 207,000 540,000 55,000 485,000 692,000 23,000 Property, Plant & Equipment 630,000 Less: Accumulated Depreciation 75,000 Net Prop., Plant & Equipment 555,000 Total Assets 766,000 Accounts payable 37,000 Notes payable 8,000 Accrued expenses 6,000 Salaries payable 1.000 Total current liability 52,000 Bonds payable 185.000 Total liabilities 237,000 12,000 10,000 5.000 50,000 140.000 190,000 500,000 Share capital 500,000 Retained Earnings 29.000 Total Shareholder's equity 529,000 2.000 502,000 692,000 Total Liabilities and 766,000 Shareholders equity