Hi this question is solved on Chegg but it has photo of answer. I want this answer in that way so that I can copy it.

Given the following information for Quebec Incorporated prepare their statement of cash flows for December 31, 2020 using the indirect method. Also, Explain the process of preparing Indirect Cashflow and specify the differences between Indirect and Direct Cashflow methods.

	2020*	2019*
Cash	300	270
Accounts receivable	85	80
Interest receivable	11	8
Inventory	100	95
Prepaid Expenses	32	10
Non-current - Note
receivable	95	125
Property, plant and
Equipment (Net of depreciation)	315	330
Accounts payable	40	20
Accrued liabilities	34	43
Common Shares	825	755
Retained Earnings	105	60
Net income	100
Depreciation expense	2
Gain on sale of property	1.5
	* in 000s