The accounting records of Laurent Company provided the following data: Statement of Comprehensive Income For year ended 31 December 20x8 Sales Cost of goods sold Depreciation expense Operating expenses Net earnings and comprehensive income $ 937,100 (562,000) (14,700) (201,600) $ 158,800 Other information: 3:30 a. Paid a $23,200 long-term note payable by issuing common shares. b. Purchased capital assets that cost $99,200; gave a $69,600 long-term note payable and paid $29,600 cash. C. Sold the long-term investment at cost, for cash. d. Assume that unexplained differences in asset, liability, and equity accounts flow from logical sources. Required: 1. Prepare the SCF, using the two-step indirect method of presentation for the operating activities section. (Deductible amounts and Cash outflows should be indicated with minus sign.) aces LAURENT COMPANY Statement of Cash Flows For the year 31 December 20X8 Operating activities: Net earnings Non-cash items $ 158,800 Add: Depreciation 14,700 173,500 Changes to working capital: $ 173,500 Investing activities: 0 Financing activities: 0 Financing activities: 0 Opening cash Closing cash $ 0 2. Prepare the operating activities section of the SCF using the direct method. (Deductible amounts and Cash outflows should be indicated with minus sign.) LAURENT COMPANY Partial Statement of Cash Flows For the year 31 December 20X8 Operating activities: $ 0