Statement of financial position balances as at $31$ December $20$X$8$ and $209$ are provided below for Laurel Inc.

Laurel Inc. additional information:

Net earnings for $209$ were $$714,000.$

Equipment with an original cost of $$404,000$ and a NBV of $$152,000$ was sold for $$152,000$ during the year.

Long$-$term investments were sold for $$137,000$ during the year.

Short$-$term investments acquired are treasury bills with an original term of three months.

Required:

Prepare an SCF for $209$ using the indirect method. Note any assumptions made during your SCF preparation. $($Deductible amounts and Cash outflows should be indicated with minus sign.$)$

Laurel Inc.

Statement of Cash Flows

For the year ended $31$ December $20$X$9$

$\backslash$table$[[\backslash$table$[[$Operating activities:$],[$Net earninas$]]],[$Net earnings,$s,714,000,],[$Adjustments for non$-$cash items:,,,$],[$Depreciation expense,$\frac{O}{?},254,000,],[$Amortization of patent,var$,17,000,],[$Gain on sale of long$-$term investment,diamond,$(35,000),],[$Change in cash,,,$],[,,950,000,],[$Changes in net working capital:,$C,,],[$Increase in accounts receivable,$0,207,000,],[$Increase in inventories,$6,93,000ox,],[$Increase in accounts payable,$6),17,000x,],[$Change in cash,$y,667,000,],[$Net cash from operations,,,$10],[$Investing activities:,$E,3518$A$8,],[$Purchase of equipment,$0,404,000,],[$Proceeds on sale of equipment,$6,152,000,],[$Proceeds on sale of long$-$term investment,$,137,000,],[$Change in cash,,$115,000,],[$Net cash for investing,,,$808,000],[$Financing activities:,,,$],[$Proceeds on sale of long$-$term investment,$x,116,000ox,],[$Proceeds on issuance of shares,$,87,000ox,],[$Dividends paid,$0,104,000x,]]$

$\backslash$table$[[$Cla$,,500,],[$Net cash for investing,,,$808,000],[$Financing activities:$],[$Proceeds on sale of long$-$term investment,$x,116,000,],[$Proceeds on issuance of shares,var$,87,000x,],[$Dividends paid,var$,104,000,],[$Change in cash,,$99,000,],[$Net cash from financing,,,$406,000],[$Change in cash,$0,,651,000ox$