Calculator Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2077, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $90,440 138,970 198,530 $111,410 150,200 186,160 5,640 333,540 Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation equipment Total assets 8,090 404,420 (105,150) $735,300 (81,800) $705,150 $154,410 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par $147,380 211,550 15,000 199,000 132,220 $705 150 24,000 352,000 204,890 $735,300 Paid-in capital: Excess of issue price over par common stock Retained earnings Total liabilities and stockholders' equity Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $186,040. b. Depreciation reported on the income statement, $51,030. c. Equipment was purchased at a cost of $98,560, and fully depreciated equipment costing $27,680 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. 9,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, $113,370. Required: 53323 Prepare a statement of cash flows, using the indirect method of presenting cash flows from op erating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20YB Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities hinn Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: ponu o u Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow used for financing activities Cash at the beginning of the year Cash at the end of the year