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 2020 2019 Assets Cash Accounts receivable - net Inventory Prepaid insurance Property, plant, and equipment Accumulated depreciation Total assets $ 341,000 291,500 422,400 13,200 1,012,000 (286,000) $1.794.100 $ 165,000 313,500 357,500 22,000 886,600 (385,000) $1.359.600 Liabilities and shareholders' equity Liabilities Accounts payable Dividends payable Bonds payable Total liabilities $ 367,100 30,000 275,000 $ 672.100 $ 407,100 12,000 275,000 $ 694,100 Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $ 880,000 242.000 1.122.000 $1.794.100 $ 550,000 115.500 665.500 $1.359.600 PWD Inc. Statement of comprehensive income For the year ended August 31, 2020 Sales Cost of goods sold Depreciation expense Operating expenses Interest expense Income tax expense Loss on sale of property, plant, and equipment* Net income and comprehensive income $2,377,000 (1,196,800) (130,900) (238,700) (89,100) (45,000) (46,200) $ 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)