Grand Corp.'s 20X2 financial statements showed the following: $580,000 Sales Cost of goods sold Depreciation Other operating expenses Income tax Loss on sale of equipment Gain on sale of investment $ 220,400 28,800 86,200 49,600 3,400 (2,200) 386,200 $193,800 Net earnings and comprehensive income As at December 31 Cash Accounts receivable Inventory Equipment Less: accumulated depreciation Investment 20X2 $ 78, 800 101,700 213,100 631,600 (262,200) 62,100 $ 825, 100 20x1 $ 62,600 116,700 199,400 540,300 (260,300) 89,700 $ 748,400 Total $ Accounts payable Income tax payable Bonds payable Common shares Retained earnings 70,500 11,300 51,900 348,900 342,500 $ 825,100 $ 118,100 8,000 0 348,900 273,400 748,400 Total Additional information: During the year, equipment with an original cost of $113,300 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