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Newark Incorporated, which follows ASPE, has a March 31 year-end. The 2021 fiscal year was particularly lucrative for Newark; they realized sales of $660,000 with cost of goods sold of only $363,000 and operating expenses of $230,000. Other financial information is as follows: Cash AR....... Inventory Prepaids Machinery. Accumulated depreciation. Patent. 2021 $ 99,000 53,000 50,000 6,000 420,000 (150,000) 51,000 $ 529,000 2020 $ 51,000 39,000 60,000 9,000 350,000 (125,000) 58.000 $ 442,000 $ 51,000 20,000 AP ... Accrued liabilities Notes payable Preferred shares Common shares.. Retained earnings $ 56,000 14,000 150,000 215,000 200,000 43,000 $ 529,000 200,000 22.000 $ 442.000 Operating expenses include a charge for impairment on the patent as well as depreciation expense. No machinery was disposed of during the year; however, a new machine was purchased in 2021. The only change to the accumulated depreciation amount in 2021 was the credit for depreciation. Retained earnings account was credited for the year's net income. Also included in retained earnings was a debit for cash dividends paid for $46,000. Required Use the indirect method to prepare Newark Incorporated's statement of cashflows as at March 31, 2021.Show all of your work for full marks. (24 marks) Activa Go to si