The balance sheet and income statement for Joe's Fish Hut are presented below:

Joe's Fish Hut Balance Sheet As at April 30
	2020	2019
ASSETS
Current Assets
Cash	$159,009	$66,400
Accounts receivable	$19,600	$14,600
Merchandise inventory	$23,200	$27,000
Total Current Assets	$201,809	$108,000
Property, plant & equipment(1)	$140,000	$193,000
Less: Accumulated depreciation	$-28,600	$-23,900
TOTAL ASSETS	$313,209	$277,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$28,800	$39,300
Notes payable-current portion	$8,500	$8,500
Total Current Liabilities	$37,300	$47,800
Notes payable-long-term portion	$87,000	$57,000
TOTAL LIABILITIES	$124,300	$104,800
Shareholders' Equity
Common shares	$73,000	$55,500
Retained earnings(2)	$115,909	$116,800
TOTAL SHAREHOLDERS' EQUITY	$188,909	$172,300
TOTAL LIABILITIES AND EQUITY	$313,209	$277,100

Additional Information: 1. Property, Plant & Equipment During 2020, equipment was sold for a loss of $4,800. The cash proceeds from the sale totaled $48,200. 2. Retained Earnings Joe's Fish Hut declared and paid $6,000 in dividends in 2020.

Joe's Fish Hut Income Statement For the Year Ended April 30, 2020
Sales	$124,000
COGS	$80,600
Gross Profit	$43,400
Operating Expenses
Depreciation Expense	$4,700
Other operating expenses	$26,040
Total Operating Expenses	$30,740
Operating Income	$12,660
Other Income
Loss on Sale of Equipment	$4,800
Net Income Before Tax	$7,860
Income Tax	$2,751
Net Income	$5,109

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 April 30, 2020
Cash Flow from Operating Activities
Net Income	Answer
Add: Depreciation	Answer
Add: Loss on sale of equipment	Answer
Change in Operating Assets and Liabilities
Increase in Accounts Receivable	Answer
Decrease in Merchandise Inventory	Answer
Decrease in Accounts Payable	Answer
Net Cash Provided (Used) by Operating Activities		Answer
Cash Flow from Investing Activities
Sale of equipment	Answer
Net Cash Provided (Used) by Investing Activities		Answer
Cash Flow from Financing Activities
Issue of common shares	Answer
Receipt 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