Additional data obtained from the income statement and from an exomination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $192,200 b. Depreciation reported on the income stotement, $47,630. c. Equipment was purchased at a cost of $92,170 and fully depreciated equipment costing $25,780 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. 8,000 shares of common stock were issued at $18 for cash. f. Cash dividends deciared and paid, $117,120. Yelow uog enterprises inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Line Item Description Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Changes in current operating assets and liabilities: Decrease in accounts receivable Increase in inventories = Increase in grepad expenses Increase in accounts payable =V Net carh liows from ogerating activities v Cash fows from (used for) investing activities: Not cosh fiows used foc inyesting activites o Cash fows from (used for) financing activities: Gash received from sale of common stock Cash paid lot tividents Cahpaid to retie mortgage noti payible Neccash fow form financing activiles %V Cash baiance, 3anuary 1, 20ve Cath butance, Decomber 31, 2ove Credk My Work i more Check My Worktanes remaining