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 880,000 Less: Cost of Goods Sold 520.000 Gross Profit 360,000 Less: Selling, General and Administrative Expenses 71.000 Operating profit 289.000 Less: Depreciation expense 50,000 Earnings before interest and taxes 239,000 Less: Interest expense 44,000 Earnings before taxes 195.000 Less tax expense (40%) 78,000 Net Income 117,000 Cash Marketable securities Accounts receivables Inventory Investments Total current assets Doon Corporation Comparative Balance Sheet Dec 31, 2018 and 2019 2018 2019 12,000 16,000 23,000 24,000 65,000 76,000 69,000 58,000 58.000 45.000 227,000 219.000 Property, Plant & Equipment Less: Accumulated Depreciation Net Prop. Plant & Equipment Total Assets 510,000 42.000 468,000 695,000 670,000 50,000 620,000 839,000 Accounts payable Notes payable Accrued expenses Salaries payable Total current liability Bonds payable Total liabilities 68,000 20,000 11.000 6,000 105,000 230.000 335,000 57.000 10,000 7.000 9.000 83.000 315.000 398,000 Share capital Retained Earnings Total Shareholder's equity 250,000 110.000 360,000 300,000 141.000 Total Liabilities and Shareholders equity 695,000 839,000