***** ***** .. Laughing Emoji Ltd. has experienced a downturn in popularity. It has prepared the following comparative statements of financial position at December 31, 2019 and 2020: Emoji adheres to ASPE. 2020 2019 Cash and cash equivalents. $ 19,000 $ 51,000 Accounts receivable. 103,000 39,000 Inventory and prepaid expenses.. 86,000 69,000 Property, plant & equipment 471,000 408,000 Accumulated depreciation (150,000) (125.000) $ 529,000 $ 442,000 Accounts payable and accrued liabilities $ 71,000 $ 70,000 Mortgage payable 150,000 Preferred shares 215,000 Common shares 200,000 200,000 Retained earnings... 43.000 22.000 $ 529.000 $ 442 000 . ***** *** ************* 1. No property, plant and equipment were sold during 2020. 2. Depreciation expense is ??? and has been included as part of operating expenses below. 3. The condensed income statement for 2020 is as follows: Sales...... $ 660,000 Cost of sales 363.000 Gross profit 297,000 Operating expenses.. 280,000 Net income... $ 17.000 Required From the information above, prepare a statement of cash flows (indirect method) for calendar 2020. See next page for a temnlate **********