(Solved): Statement of financial position balances as at 31 December \( 20 \mathrm{X} 8 \) and \( 20 \mathrm ...

Statement of financial position balances as at 31 December \( 20 \mathrm{X} 8 \) and \( 20 \mathrm{X} 9 \) are provided below for Laurel Inc. Laurel Inc. additional information: - Net earnings for \( 20 \mathrm{X} 9 \) were \( \$ 712,000 \). - Equipment with an original cost of \( \$ 400,000 \) and a \( \mathrm{NBV} \) of \( \$ 150,000 \) was sold for \( \$ 150,000 \) during the year. Laurel Inc. additional information: - Net earnings for \( 20 \mathrm{X} 9 \) were \( \$ 712,000 \). - Equipment with an original cost of \( \$ 400,000 \) and a NBV of \( \$ 150,000 \) was sold for \( \$ 150,000 \) during the year. - Long-term investments were sold for \( \$ 135,000 \) during the year. - Short-term investments acquired are treasury bills with an original term of three months. Required: Prepare an \( \mathrm{SCF} \) for \( 20 \mathrm{X} 9 \) using the indirect method. Note any assumptions made during your SCF preparation.