The statement of financial position and the statement of comprehensive income for PWD Inc., a public company, for the years ended August 31, 2020 and 2019, are as follows:

PWD Inc.

Statement of financial position

As at August 31

Assets	2020	2019
Cash	$ 341,000	$ 165,000
Accounts receivable net	291,500	313,500
Inventory	422,400	357,500
Prepaid insurance	13,200	22,000
Property, plant, and equipment	1,012,000	886,600
Accumulated depreciation	(286,000)	(385,000)
Total assets	$1,794,100	$1,359,600
Liabilities and shareholders equity Liabilities Accounts payable	$ 367,100	$ 407,100
Dividends payable	30,000	12,000
Bonds payable	275,000	275,000
Total liabilities	$ 672,100	$ 694,100
Shareholders equity Common shares	$ 880,000	$ 550,000
Retained earnings	242,000	115,500
Total shareholders equity	1,122,000	665,500
Total liabilities and shareholders equity	$1,794,100	$1,359,600

PWD Inc.

Statement of comprehensive income

For the year ended August 31, 2020

Sales	$2,377,000
Cost of goods sold	(1,196,800)
Depreciation expense	(130,900)
Operating expenses	(238,700)
Interest expense	(89,100)
Income tax expense	(45,000)
Loss on sale of property, plant, and equipment*	(46,200)
Net income and comprehensive income	$ 630,300

*Equipment with an original cost of $286,000 was sold in early 2020.

Required:

Prepare the statement of cash flows of PWD Inc. for the year ended August 31, 2020, using the indirect method. (12 marks)