Question 1 Mighty Ltd. is reporting the following for December 31, 2019. Prepare the cash flow statement for December 31, 2019 using the indirect method, under ASPE Indude a schedule of noncash investing and financing activities, if necessary. $ $ s $ $ $ S $ $ $ S $ Collections on accounts receivable Decrease in accounts receivable Depreciation expense Bonds payable converted into common shares Decrease in prepaid expenses Payments to suppliers Acquisition of equipment byissuing non-current note payable Increase in accounts payable Gain on sale of investments Long Term Debt payments Decrease in accrued liabilities Proceeds fromissuance of common shares Increase in inventory Payment of cash dividends Income tax expense Cash sales Loss on sale of capital assets Proceeds from sale of capital assets Loan to another company Cash payments to purchase capital assets Net income Collection of long-term loan receivables Proceeds from sale of investments Cash balance: December 31, 2018 Cash balance: December 31, 2019 $ 150.000 5,000 52.000 199,000 5,000 116,000 300,000 10,000 12.500 53,000 28,000 51000 8,200 20,000 22.500 99,000 8,200 48,000 38,000 66,000 135,000 22.000 48,000 35,000 176,500 $ s s 5 S s S s 5 S 5 s 1