Statement of financial position balances as at 31 December 20X8 and 20X9 are provided below for Laurel Inc. As at 31 December Assets Cash Short-term investments Accounts receivable Inventories Long-term investments Equipment Accumulated depreciation Patent, net Total assets 20X9 20x8 $ 251,000 $ 118,000 326,000 532,000 526,000 716,000 636,000 201,000 302,000 1,702,000 1,002,000 (452,000) (451,000) 86,000 $ 3,362,000 102,000 $ 2,235,000 Liabilities and Shareholders' Equity Accounts payable Short-term bank debt $ 816,000 $ 711,000 Common shares Retained earnings 342,000 1,182,000 1,022,000 962,000 562,000 Total liabilities and shareholders' equity $ 3,362,000 $ 2,235,000 Laurel Inc. additional Information: Net earnings for 20X9 were $713,000. Equipment with an original cost of $402,000 and a NBV of $151,000 was sold for $151,000 during the year. Long-term Investments were sold for $136,000 during the year. Short-term Investments acquired are treasury bills with an original term of three months. Required: Prepare an SCF for 20X9 using the Indirect method. Note any assumptions made during your SCF preparation. (Deductible amounts and Cash outflows should be indicated with minus sign.) Operating activities: Laurel Inc. Statement of Cash Flows For the year ended 31 December 20X9 Adjustments for non-cash items: 0 Changes in net working capital: Net cash from operations Investing activities: Net cash for investing Financing activities: Net cash from financing Opening cash Closing cash S 0 0 0 S 0