The balance sheet and income statement for Joe's Fish Hut are presented below: Joe's Fish Hut Balance Sheet As at December 31 2023 2022 ASSETS Current Assets Cash $163,900 $66,200 Accounts receivable $23,600 $14,900 Merchandise inventory $24,700 $28,700 Total Current Assets $212,200 $109,800 Property, plant & equipment(1) $126,000 $181,000 Less: Accumulated depreciation $-29,300 $-24,000 TOTAL ASSETS $308,900 $266,800 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $27,600 $37,000 Notes payable-current portion $8,000 $8,000 Total Current Liabilities $35,600 $45,000 Notes payable-long-term portion $87,000 $55,000 TOTAL LIABILITIES $122,600 $100,000 Shareholders' Equity Common shares Retained earnings(2) TOTAL SHAREHOLDERS EQUITY TOTAL LIABILITIES AND EQUITY $79,000 $54,700 $107,300 $112,100 $186,300 $166,800 $308.900 $266,800 Additional Information: 1. Property, Plant & Equipment During 2023, equipment was sold for a loss of $4,200. The cash proceeds from the sale totaled $50,800. 2. Retained Earnings Joe's Fish Hut declared and paid $10,000 in dividends in 2023. Joe's Fish Hut Income Statement For the Year Ended December 31, 2023 Sales $125,000 COGS $81,250 Gross Profit $43,750 Operating Expenses Depreciation Expense $5,300 Other operating expenses $26,250 Total Operating Expenses $31,550 Operating Income $12,200 Other Income Loss on Sale of Equipment $4,200 Net Income Before Tax $8,000 Income Tax $2,800 Net Income $5,200 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. 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. Joe's Fish Hut Cash Flow Statement For the Year Ended December 31, 2023 Cash Flow from Operating Activities Net Income Add: Depreciation Add: Loss 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 cach diuidi 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