Leviathan Manufacturing makes and sells integrated circuit boards. At the end of 2020, the income statement and comparative balance sheet were prepared as shown below.

Leviathan Manufacturing Balance Sheet As at May 31
	2020	2019
Assets
Current Assets
Cash	$354,500	$124,400
Accounts Receivable	$235,200	$261,500
Merchandise Inventory	$506,700	$455,800
Prepaid Expenses	$21,900	$21,900
Total Current Assets	$1,118,300	$863,600
Long-Term Assets
Land		$20,600
Equipment	$330,700	$330,700
Less: Accumulated Depreciation	$-101,400	$-96,100
Total Long-Term Assets	$229,300	$255,200
Total Assets	$1,347,600	$1,118,800
Liabilities
Current Liabilities
Accounts Payable	$305,100	$320,800
Notes Payable, Current Portion	$38,900	$28,700
Total Current Liabilities	$344,000	$349,500
Notes Payable, Long-Term Portion	$212,500	$180,900
Total Liabilities	$556,500	$530,400
Shareholders' Equity
Common Shares	$283,000	$241,000
Retained Earnings	$508,100	$347,400
Total Shareholders' Equity	$791,100	$588,400
Total Liabilities and Equity	$1,347,600	$1,118,800

Additional Information: During 2020, land was sold for a loss of $3,100. There was no purchase of equipment throughout the year. The company did not pay off any amount of the notes payable.

Leviathan Manufacturing Income Statement For the Year Ended May 31, 2020
Sales	$2,657,000
Cost of Goods Sold	$1,594,200
Gross Profit	$1,062,800
Operating Expenses
Depreciation Expense	$5,300
Other Operating Expenses	$744,400
Total Operating Expenses	$749,700
Income from Operations	$313,100
Other Income and Expenses
Loss on Sale of Land	$-3,100
Income before Income Tax	$310,000
Income Tax	$108,500
Net Income	$201,500

Create the cash flow statement using the indirect method.

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

Leviathan Manufacturing Cash Flow Statement For the Year Ended May 31, 2020
Cash Flow from Operating Activities
Net Income	Answer
Adjustments to Reconcile Net Income to Cash
Depreciation	Answer
Loss on Sale of Land	Answer
Change in Operating Assets and Liabilities
Decrease in Accounts Receivable	Answer
Increase in Merchandise Inventory	Answer
Decrease in Accounts Payable	Answer
Net Cash Provided (Used) by Operating Activities		Answer
Cash Flow from Investing Activities
Sale of Land	Answer
Net Cash Provided (Used) by Investing Activities		Answer
Cash Flow from Financing Activities
Proceeds from Notes Payable	Answer
Payment of Cash Dividend	Answer
Issue of Common Shares	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