A simplified balance sheet for Supernova Inc. contain the following amounts at the end of 2019 and 2020.

Supernova Inc. Balance Sheet As at February 28
	2020	2019
Assets
Current Assets
Cash	$-7,500	$8,500
Accounts Receivable	$15,600	$6,800
Prepaid Expenses	$2,400	$1,600
Merchandise Inventory	$34,400	$12,200
Total Current Assets	$44,900	$29,100
Long-Term Assets
Equipment	$177,000	$152,000
Less: Accumulated Depreciation	$-29,200	$-19,400
Total Long-Term Assets	$147,800	$132,600
Total Assets	$192,700	$161,700
Liabilities
Current Liabilities	$17,900	$17,900
Long-Term Liabilities	$25,000	$39,000
Total Liabilities	$42,900	$56,900
Shareholders' Equity
Contributed Capital
Preferred Shares	$58,000	$58,000
Common Shares	$30,000	$18,000
Total Contributed Capital	$88,000	$76,000
Retained Earnings	$61,800	$28,800
Total Shareholders' Equity	$149,800	$104,800
Total Liabilities and Equity	$192,700	$161,700

Assume current liabilities include only items from operations (e.g., accounts payable, taxes payable). Long-term liabilities include items from financing (e.g. bonds and other long-term liabilities). Note that the company did not sell any equipment and did not borrow any additional long-term liabilities throughout the year.

Prepare the cash flow statement for 2020 using the indirect method. Assume no dividends were declared or paid in 2020.

Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash.

Supernova Inc. Cash Flow Statement For the Year Ended February 28, 2020
Cash Flow from Operations
Net Income	Answer
Adjustments to reconcile Net Income to Cash
Depreciation Expense	Answer
Change in Operating Assets and Liabilities
Increase in Accounts Receivable	Answer
Increase in Office Supplies	Answer
Increase in Merchandise Inventory	Answer
Net Cash Provided (Used) by Operating Activities		Answer
Cash Flow from Investing Activities
Purchase of Equipment	Answer
Net Cash Provided (Used) by Investing Activities		Answer
Cash Flow from Financing Activities
Issuance of Common Shares	Answer
Repayment of Long-Term Liabilities	Answer
Net Cash Provided (Used) by Financing Activities		Answer
Net Increase (Decrease) in Cash		Answer
Cash at the Beginning of the Year		Answer
Cash at the End of the Year		Answer