Required:

Prepare an SCF for $209$ using the Indirect method. Note any assumptions made during your SCF

preparation. $($Deductlble amounts and Cash outflows should be Indicated with minus sign.$)$Statement of financial position balances as at $31$ December $20$X$8$ and $20$X$9$ are provided below for Laurel Inc.

Laurel Inc. additional Information:

Net earnings for $209$ were $$716,500.$

Equipment with an original cost of $$409,000$ and a NBV of $$154,500$ was sold for $$154,500$ during

the year.

Long$-$term Investments were sold for $$139,500$ during the year.

Short$-$term Investments acquired are treasury bills with an original term of three months.