The balance sheet and income statement for Joe's Fish Hut are presented below: Joe's Fish Hut Balance Sheet As at February 28 2020 2019 ASSETS Current Assets Cash $170,328 $62,100 Accounts receivable $21,000 $13,800 Merchandise Inventory $23,100 $30,000 Total Current Assets $214,428 $105,900 Equipment(1) $135,000 $172,000 Less: Accumulated depreciation $-25,500 $-22,300 TOTAL ASSETS $323,928 $255,600 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $28,300 $36,400 Notes payable-current portion $9,400 $9,400 Total Current Liabilities $37,700 $45,800 Notes payable-long-term portion $88,000 $41,000 TOTAL LIABILITIES $125,700 $86,800 Shareholders' Equity Common shares $79,000 $54,000 Retained earnings(2) $119,228 $114,800 TOTAL SHAREHOLDERS' EQUITY $198,228 $168,800 TOTAL LIABILITIES AND EQUITY $323,928 $255,600 Additional Information: 1. Equipment During 2020, equipment was sold for a gain of $5,100. The cash proceeds from the sale totaled $42,100. 2. Retained Earnings Joe's Fish Hut declared and paid $8,000 in dividends in 2020. Joe's Fish Hut Income Statement For the Year Ended February 28, 2020 Sales $123,000 COGS $79.950 Gross Profit $43,050 Operating Expenses Depreciation Expense $3,200 Other operating expenses $25,8301 Total Operating Expenses $29,0301 Operating Income $14,020 Other Income Gain on Sale of Equipment $5,100 Net Income Before Tax $19,120 Income Tax $6,692 Net Income $12,428 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. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Joe's Fish Hut Cash Flow Statement For the Year Ended February 28, 2020 Cash Flow from Operating Activities Net Income Depreciation Gain on sale of equipment Change in Operating Assets and Liabilities Change in Accounts Receivable Change in Merchandise Inventory Change in Accounts Payable Net Cash Provided (Used) by Operating Activities Cash Flow from Investing Activities Sale of equipment Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Issue of common shares Receipt of notes payable Payment of cash dividend Net Cash Provided (Used) by Financing Activities Net increase (decrease) in cash Cash at the beginning of the year Cash at the end of the year