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

Joe's Fish Hut Balance Sheet As at May 31
	2018	2017
ASSETS
Current Assets
Cash	$133,584	$62,300
Accounts receivable	$19,800	$16,800
Merchandise inventory	$22,100	$26,900
Total Current Assets	$175,484	$106,000
Property, plant & equipment(1)	$137,000	$173,000
Less: Accumulated depreciation	$-25,300	$-20,900
TOTAL ASSETS	$287,184	$258,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$28,700	$42,200
Notes payable-current portion	$8,100	$8,100
Total Current Liabilities	$36,800	$50,300
Notes payable-noncurrent portion	$90,000	$59,000
TOTAL LIABILITIES	$126,800	$109,300
Stockholders' Equity
Common stock	$76,000	$59,200
Retained earnings(2)	$84,384	$89,600
TOTAL STOCKHOLDERS' EQUITY	$160,384	$148,800
TOTAL LIABILITIES AND EQUITY	$287,184	$258,100

Additional Information: 1. Property, Plant & Equipment During 2018, equipment was sold for a loss of $7,000. The cash proceeds from the sale totaled $29,000. 2. Retained Earnings Joe's Fish Hut declared and paid $10,000 in dividends in 2018.

Joe's Fish Hut Income Statement For the Year Ended May 31, 2018
Sales	$134,000
COGS	$87,100
Gross Profit	$46,900
Operating Expenses
Depreciation Expense	$4,400
Other operating expenses	$28,140
Total Operating Expenses	$32,540
Operating Income	$14,360
Other Income
Loss on Sale of Equipment	$7,000
Net Income Before Tax	$7,360
Income Tax	$2,576
Net Income	$4,784

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 May 31, 2018
Cash Flow from Operating Activities
Net Income	Answer
Add: Depreciation	Answer
Add: Loss on sale of equipment	Answer
Change in Current Assets and Current 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
Sale of common stock	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