Bbalance sheet accounts for Galaxy Inc. show the following amounts at the end of 2022 and 2023.

Galaxy Inc. Balance Sheet As at December 31
	2023	2022
Assets
Current Assets
Cash	$-12,800	$8,200
Accounts Receivable	$18,100	$10,900
Prepaid Expenses	$3,500	$1,900
Merchandise Inventory	$33,800	$19,400
Total Current Assets	$42,600	$40,400
Long-Term Assets
Equipment	$180,000	$153,000
Less: Accumulated Depreciation	$-23,800	$-19,600
Total Long-Term Assets	$156,200	$133,400
Total Assets	$198,800	$173,800
Liabilities
Current Liabilities	$19,600	$19,600
Long-Term Liabilities	$25,000	$35,000
Total Liabilities	$44,600	$54,600
Shareholders' Equity
Contributed Capital
Preferred Shares	$56,000	$56,000
Common Shares	$30,000	$17,000
Total Contributed Capital	$86,000	$73,000
Retained Earnings	$68,200	$46,200
Total Shareholders' Equity	$154,200	$119,200
Total Liabilities and Equity	$198,800	$173,800

Assume current liabilities include only items from operations (such as accounts payable, taxes payable). Long-term liabilities include items from financing (such as 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 2023 using the indirect method. Assume no dividends were declared or paid in 2023.

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

Galaxy Inc. Cash Flow Statement For the Year Ended December 31, 2023
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 Prepaid Expenses	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