The following data were provided by the accounting records of NewFort Limited at year- end, 31 December 20X9:

Analysis of selected accounts and transactions:
a. Sold plant assets for cash; cost, $ 252,000; two- thirds depreciated.
b. Purchased plant assets for cash.
c. Purchased plant assets and exchanged unissued bonds payable of $ 190,000 in payment.
d. Sold the long- term investments for cash.
e. Retired bonds payable at maturity date by issuing common shares, $ 65,000.
f. Other changes in asset, liability, and equity accounts flow from logical sources.

1. Prepare the SCF, using the two- step indirect method to present the operations section. Omit separate disclosure of cash paid for interest and income tax in the operating activi-ties section of the SCF. Include a list of non- cash transactions that would be presented in the disclosure notes.
2. Prepare the operating activities section of the SCF using the direct method.

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