Newark Incorporated, which follows ASPE, has a March 31 year-end. The 2021 fiscal year was particularly lucrative for Newark; they realized sales of $660,000 with cost of goods sold of only $363,000 and operating expenses of $230,000. Other financial information is as follows: 2021 2020 Cash ................................................................ $ 99,000 $ 51,000 AR................................................................... 53,000 39,000 Inventory ......................................................... 50,000 60,000 Prepaids ........................................................... 6,000 9,000 Machinery......................................................... 420,000 350,000 Accumulated depreciation....................................(150,000) (125,000) Patent.............................................................. 51,000 58,000 $ 529,000 $ 442,000 AP ................................................................... $ 51,000 $ 56,000 Accrued liabilities ............................................... 20,000 14,000 Notes payable ................................................... 150,000 Preferred shares ................................................ 215,000 Common shares................................................. 200,000 200,000 Retained earnings .............................................. 43,000 22,000 $ 529,000 $ 442,000 Operating expenses include a charge for impairment on the patent as well as depreciation expense. No machinery was disposed of during the year; however, a new machine was purchased in 2021. The only change to the accumulated depreciation amount in 2021 was the credit for depreciation. Retained earnings account was credited for the years net income. Also included in retained earnings was a debit for cash dividends paid for $46,000. Required Use the indirect method to prepare Newark Incorporateds statement of cashflows as at March 31, 2021.Show all of your work for full marks