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 950.000 Less Cost of Goods Sold 520.000 Gross Profit 430.000 Less: Selling. General and Administrative Expenses 81.000 Operating profit 349 000 Less: Depreciation expense 65.000 Earnings before interest and taxes 284000 Less: Interest expense 44.000 Exmnings before taxes 140,000 Less tax expense (40%) 96,000 Net Income 144 000 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 75,000 85.000 Inventory 76,000 58,000 Investments 57.000 45.000 Total current assets 243,000 228.000 Property, Plant & Equipment 620.000 880,000 Less Accumulated Depreciation 42,000 50,000 Net Prop. Plant & Equipment 578,000 830,000 Total Assets 821.000 1.058,000 Accounts payable Notes puyable Accrued expenses Salaries payable Total current liability Bonds payable Total liabilities 78000 20 000 11.000 6.000 115.000 199.999 275.000 52.000 12.000 8.000 10.000 120,000 15.209 315.000 300.000 240.000 546 000 400,000 1.000 133.000 Share capital Retained aming Total Shareholderuly Total Liabilities and Shareholders equity $21.000 1.038.000 Answer 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 950.000 Less Cost of Goods Sold 520.000 Gross Profit 430.000 Less: Selling. General and Administrative Expenses 81.000 Operating profit 349 000 Less: Depreciation expense 65.000 Earnings before interest and taxes 284000 Less: Interest expense 44.000 Exmnings before taxes 140,000 Less tax expense (40%) 96,000 Net Income 144 000 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 75,000 85.000 Inventory 76,000 58,000 Investments 57.000 45.000 Total current assets 243,000 228.000 Property, Plant & Equipment 620.000 880,000 Less Accumulated Depreciation 42,000 50,000 Net Prop. Plant & Equipment 578,000 830,000 Total Assets 821.000 1.058,000 Accounts payable Notes puyable Accrued expenses Salaries payable Total current liability Bonds payable Total liabilities 78000 20 000 11.000 6.000 115.000 199.999 275.000 52.000 12.000 8.000 10.000 120,000 15.209 315.000 300.000 240.000 546 000 400,000 1.000 133.000 Share capital Retained aming Total Shareholderuly Total Liabilities and Shareholders equity $21.000 1.038.000