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	$	255,500		$	109,000
Short-term investments		330,500
Accounts receivable		541,000			530,500
Inventories		720,500			640,500
Long-term investments		205,500			311,000
Equipment		1,711,000			1,011,000
Accumulated depreciation		(461,000	)		(455,500	)
Patent, net		90,500			111,000
Total assets	$	3,393,500		$	2,257,500
Liabilities and Shareholders Equity
Accounts payable	$	820,500		$	715,500
Short-term bank debt		351,000
Common shares		1,191,000			971,000
Retained earnings		1,031,000			571,000
Total liabilities and shareholders equity	$	3,393,500		$	2,257,500

Laurel Inc. additional information:

• Net earnings for 20X9 were $717,500.
• Equipment with an original cost of $411,000 and a NBV of $155,500 was sold for $155,500 during the year.
• Long-term investments were sold for $140,500 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.)