Grand Corp.'s 20X2 financial statements showed the following: $490,000 Sales Cost of goods sold Depreciation Other operating expenses Income tax Loss on sale of equipment Gain on sale of investment $186,200 24,400 73,100 42,100 2,900 (1,800) 326,900 $163, 100 Net earnings and comprehensive income As at December 31 Cash Accounts receivable Inventory Equipment Less: accumulated depreciation Investment 20X2 $ 66,400 85,700 179,600 532,400 (221,000) 52,400 $ 695,500 20x1 $ 52,800 98,500 168,300 456,000 (219,600) 75,800 $ 631,800 Total $ 99,700 6,700 Accounts payable Income tax payable Bonds payable Common shares Retained earnings $ 59,400 9,500 43,700 293,700 289, 200 $ 695,500 293,700 231,700 631,800 Total Additional information: During the year, equipment with an original cost of $95,600 was sold for cash. Required: 1. Prepare the SCF. (Deductible amounts and Cash outflows should be indicated with minus sign.) GRAND CORP Statement of Cash Flows For the year ended 31 December 20X2 Operations: Investing activities: Financing activities: Opening cash Closing cash