Concept Used:
Supplementary angles are two angles whose sum is $180^\circ$.
We form linear equations based on the given conditions and solve them simultaneously.
Step 1: Forming the System of Linear Equations
Let the two angles be $x$ and $y$.
Since they are supplementary:
\[
x + y = 180
\]
Given that one angle exceeds the other by $120^\circ$:
\[
x - y = 120
\]
Thus, the required system of linear equations is:
\[
x + y = 180
\]
\[
x - y = 120
\]
Step 2: Solving the System
Add both equations:
\[
(x + y) + (x - y) = 180 + 120
\]
\[
2x = 300
\]
\[
x = 150
\]
Substitute $x = 150$ into first equation:
\[
150 + y = 180
\]
\[
y = 30
\]
Final Answer:
The two supplementary angles are $150^\circ$ and $30^\circ$.