Statement of financial position balances as at 31 December 20X8 and 20X9 are provided below for Laurel Inc.

As at 31 December		20X9			20X8
Assets
Cash	$	254,500		$	111,000
Short-term investments		329,500
Accounts receivable		539,000			529,500
Inventories		719,500			639,500
Long-term investments		204,500			309,000
Equipment		1,709,000			1,009,000
Accumulated depreciation		(459,000	)		(454,500	)
Patent, net		89,500			109,000
Total assets	$	3,386,500		$	2,252,500
Liabilities and Shareholders Equity
Accounts payable	$	819,500		$	714,500
Short-term bank debt		349,000
Common shares		1,189,000			969,000
Retained earnings		1,029,000			569,000
Total liabilities and shareholders equity	$	3,386,500		$	2,252,500

Laurel Inc. additional information:

Net earnings for 20X9 were $716,500.

Equipment with an original cost of $409,000 and a NBV of $154,500 was sold for $154,500 during the year.

Long-term investments were sold for $139,500 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.)