Edut of 10 Tag stion A simplified balance sheet for Supermova Inc. contain the following amounts at the end of 2019 and 2020, Supernova Inc Balance Sheet As at April 30 2020 2019 Assets Current Assets Cash $13,500 $9,500 Accounts Receivable $10,400 $11,200 Prepaid Expenses $3,400 $700 Merchandise Inventory $33,400 $17,800 Total Current Assets $60,700 $39,200 Long-Term Assets Equipment $190,000 $171,000 Less: Accumulated Depreciation S-29,200 $-21,700 Total Long-Term Assets $160,800 $ 149,300 Total Assets $221,500 $188,500 Liabilities Current Liabilities $20,200 $20,200 Long-Term Liabilities $28,000 $33,000 Total Liabilities $48,200 $53,200 English Current Liabilities Long-Term Liabilities Total Liabilities $20,200 $20,200 $28,000 $33,000 $18,200 $53,200 Shareholders' Equity Contributed Capital Preferred Shares Common Shares Total Contributed Capital Retained Earnings Total Shareholders' Equity Total Liabilities and Equity $54,000 $54,000 $28,000 $10,000 $82,000 $64,000 $91,300 $71,300 $173,300 $135,300 $221,500 $188,500 Assume current liabilities include only items from operations (eg, accounts payable, taxes payable). Long-term liabilities include items from financing (e.g. bonds and other long-term liabilities). Note that the company did not sell any equipment and did not borrow any additional long-term liabilities throughout the year. Prepare the cash flow statement for 2020 using the indirect method. Assume no dividends were declared or paid in 2020. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash Supernova Inc. Cash Flow Statement For the Year Ended April 30, 2020 heridan AMEENGAGEM Er For the Year Ended April 30, 2020 Cash Flow from Operations Net Income Adjustments to reconcile Net Income to Cash Depreciation Expense Change in Operating Assets and Liabilities Decrease in Accounts Receivable Increase in Office Supplies Increase in Merchandise Inventory Net Cash Provided (Used) by Operating Activities cash flow from Investing Activities Purchase of Equipment Net Cash Provided (Used) by Investing Activities Cash Flow from Financina Activities Purchase of Equipment Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Issuance of Common Shares Repayment of Long-Term Liabilities 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 Check