Assume current liabilities include only items from operations (e.g., 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 commas in the input boxes. Use the negative sign for a decrease in cash. Galaxy Cafe Inc. Cash Flow Statement For the Year Ended June 30, 2020 Cash Flow from Operations Net Income Adjustments for Non-Cash Items Depreciation Expense Change in Current Assets and Current Liabilities Increase in Accounts Receivable Increase in Prepaid Insurance Increase in Food & Beverage 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 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 Galaxy Cafe Inc. Balance Sheet As at June 30 2020 2019 Assets Current Assets Cash $11,400 $11,300 Accounts Receivable $19,000 $7,200 Prepaid Insurance $2,900 $2,000 Food & Beverage Inventory $23,700 $11,100 Total Current Assets $57,000 $31,600 Long-Term Assets Equipment $180,000 $161,000 Accumulated Depreciation $-24,100 $-16,700 Total Long-Term Assets $155,900 $144,300 Total Assets $212,900 $175,900 Liabilities Current Liabilities Long-Term Liabilities $22,300 $22,300 $28,000 $36,000 $50,300 $58,300 Total Liabilities Shareholders' Equity Common Shares $89,000 $67,000 Retained Earnings $73,600 $50,600 Total Shareholders' Equity $162,600 $117,600 Total Liabilities and Equity $212,900 $175,900