Using the indirect method, create a common-size statement of cash flow for Profire.

1 B C 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 $2,021,492 $6,080,762 1,467,007 (114,641) 315,256 390,826 896,681 (117,693) 186,882 1,059,000 1,965,207 (665,649) 1,630,632 (1,184,385) 524,367 1,363,090 7,713,202 911,981 71,397 (3,417,671) (14,301) (12,275) (92,207) 5,552,556 16 19 CONSOLIDATED STATEMENTS OF CASH FLOYS - USD ($) 2 3 OPERATING ACTIVITIES 4 Net income 5 Adjustments to reconcile net income to net cash provided by 6 Depreciation and amortization expense 7 Gain on sale of fixed assets 8 Bad debt expense 9 Stock awards issued for services 10 Changes in operating assets and liabilities: 11 Accounts receivable 12 Income taxes receivable/payable 13 Inventories 14 Prepaid expenses 15 Deferred tax asset/liability Accounts payable and accrued liabilities 17 Net Cash Provided by Operating Activities 18 INVESTING ACTIVITIES Proceeds from sale of equipment 20 Sale of investments 21 Purchase of fixed assets 22 Payments for acquisitions, net of cash acquired 23 Net Cash Used in Investing Activities 24 FINANCING ACTIVITIES 25 Value of equity awards surrendered by employees for tax liability 26 Cash received in exercise of stock options 27 Purchase of treasury stock 28 Principal paid towards lease liability 29 Net Cash Used in Financing Activities 30 Effect of exchange rate changes on cash 31 NET DECREASE IN CASH 32 CASH AT BEGINNING OF PERIOD 33 CASH AT END OF PERIOD 34 CASH PAID FOR: 35 Interest 36 Income taxes 37 NON-CASH FINANCING AND INVESTING ACTIVITIES: 38 Issuance of common stock - Midflow acquisition 116,785 1,494,568 (4,664,619) (4,384,175) (7.437.441) 219,063 140,356 (1.927,906) 0 (1.568,487) (242,497) 9,356 (2.743,534) (73,628) (3,050,303) 31,466 (2.743,076) 10,101,932 7,358,856 a (737,024) 174,002 (4.670,134) 0 (5,233,156) (94,780) (1.343,867) 11,445,799 10,101,932 6,497 1,793,281 0 2,163,826 $1,020,000 $0