Ocean Side Hotels has completed its financial statements for 2020. The income statement and comparative balance sheet were prepared as shown below.

Ocean Side Hotels Balance Sheet As at January 31
	2020	2019
Assets
Current Assets
Cash	$156,355	$59,200
Accounts Receivable	$89,900	$91,000
Inventory	$213,000	$189,900
Prepaid Expenses	$11,400	$11,400
Total Current Assets	$470,655	$351,500
Long-Term Assets
Land	$0	$40,000
Equipment	$345,000	$345,000
Accumulated Depreciation	$-28,400	$-22,800
Total Long-Term Assets	$316,600	$362,200
Total Assets	$787,255	$713,700
Liabilities
Current Liabilities
Accounts Payable	$51,900	$46,100
Notes Payable, Current Portion	$7,100	$7,100
Total Current Liabilities	$59,000	$53,200
Notes Payable, Long-Term Portion	$65,900	$73,000
Total Liabilities	$124,900	$126,200
Shareholders' Equity
Common Shares	$162,000	$162,000
Retained Earnings	$500,355	$425,500
Total Shareholders' Equity	$662,355	$587,500
Total Liabilities and Equity	$787,255	$713,700

Additional Information: During 2020, land was sold for a gain of $4,300. There was no purchase of equipment throughout the year.

Ocean Side Hotels Income Statement For the Year Ended January 31, 2020
Revenue	$568,000
Cost of Sales	$340,800
Gross Profit	$227,200
Operating Expenses
Depreciation Expense	$5,600
Other Operating Expenses	$69,200
Total Operating Expenses	$74,800
Income from Operations	$152,400
Other Income and Expenses
Gain on Sale of Land	$4,300
Income before Income Tax	$156,700
Income Tax	$54,845
Net Income	$101,855

Prepare the statement of cash flows using the indirect method.

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

Ocean Side Hotels Cash Flow Statement For the Year Ended January 31, 2020
Cash Flow from Operating Activities
Net Income	Answer
Adjustments for Non-Cash Items
Depreciation Expense	Answer
Gain on Sale of Land	Answer
Changes in Current Assets and Current Liabilities
Change in Accounts Receivable	Answer
Change in Inventory	Answer
Change 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
Payment of Notes Payable	Answer
Payment of Cash Dividend	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