1 Dec. 31, 2048 Dec. 31, 2017 2 Assets 3 Cash $95,000.00 $110,000.00 + Accounts receivable (net) 260.000.00 280,000.00 Inventories 520,000.00 450,000.00 15.000.00 6 Prepaid expenses 17 Equipment 5,000.00 800,000.00 1.130,000.00 8 Accumulated depreciation-equipment (235.000.00) (190,000.00) Total assets $1,785,000.00 $1,455,000.00 10 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) $100,000.00 $75,000.00 12 Mortgage note payable 0.00 500,000.00 15 Common stock, Sio da 500.000.00 200,000.00 14 Pa din capitalin excesso archion stock 400.000.00 100.000,00 Retained eating 785.000.00 580,000.00 Jotateak $117851200100 900.00 VELES $1,785,000.00 $1.455.000.00 Labilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) $100,000.00 $75,000.00 Mortgage note payable 0.00 500,000.00 Common stock, $10 par 500,000.00 200.000.00 14 Paid in capital in excess of par common stock 400,000.00 100.000.00 15 Retained earnings 785,000.00 580.000,00 16 Total liabilities and stockholders' equity $1,785,000.00 $1.455,000.00 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows a. Net income, $250,000 b. Depreciation reported on the income statement, $135,000. d Equipment was purchased at a cost of $420,000 and fully depreciated equipment costing $90,000 was discarded, with no salvage realized d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e. 30 000 shares of common stock were issued at $20 for cash. Hash dividends declared and paid $45,000 The panela telement of esowa wsing me direct memod obesenting dashbzeretind achtes Refer to the Labels and Amount Des e statemennudee minusion to md dare cash out fois can bements de redes in one negative ad ustments Labels and Amount Descriptions Cash paid for dividends Cash paid for equipment Cash paid for merchandise Cash paid for purchase of land Cash paid to retire mortgage note payable Cash received from customers Cash received from sale of common stock December 31, 2048 Decrease in inventories Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation For the Year Ended December 31, 20Y8 Gain on disposal of equipment Gain on sale of investments Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation For the Year Ended December 31, 2048 Gain on disposal of equipment Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in inventories Increase in prepaid expenses Loss on disposal of equipment Loss on sale of investments Net cash flow from financing activities Net cash flow from investing activities Net cash flow from operating activities Net cash flow used for financing activities Net cash flow used for investing activities Net cash flow used for operating activities Net decrease in cash Net Income Net incitease in cash Net oss Yellow Dog Enterprises Inc. Statement of Cash Flows (Label) Cash flows from (used for) operating activities: - Adjustments to reconcile net income to net cash flow from operating activities: 4 5 Changes in current operating assets and liabilities: 6 7 8 ON 10 11 12 Cash flows from used for investing activities: Statement of Cash Flows Adjustments to reconcile net income to net can now Trom operating activities: Changes in current operating assets and liabilities: 6 10 11 12 Cash flows from (used for) investing activities: 13 14 15 15 Cash flows from (used for financing activities: 17 19 43 Cash balance, January 1, 2018 Cash balance. December 31, 2018