Comparative Balance sheet for Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7

Instructions The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2077, is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets 3 Cash $146,460.00 $179,930.00 Accounts receivable (net) 224,660.00 242,920.00 5 Merchandise inventory 321,290.00 299,000.00 13,120.00 10,510.00 6 Prepaid expenses 7 Equipment 654,510.00 537,990.00 8 Accumulated depreciation (170,510.00) $1,189,530.00 (132,770.00) $1,137,580.00 Total assets Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) $249,550.00 $237,970.00 instructions 12 Mortgage note payable 0.00 335,000.00 25,000.00 75,000.00 13 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par-common stock 500,000.00 330,000.00 209,610.00 15 Retained earnings 364,980.00 16 Total liabilities and stockholders' equity $1,189,530.00 $1,137,580.00 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are A. Net income, $308,740. B. Depreciation reported on the income statement, $83,110. C. Equipment was purchased at a cost of $161,890 and fully depreciated equipmen costing $45,370 was discarde realized. D. 10,000 shares of common stock were issued at $22 for cash. E. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty F. Cash dividends declared and paid, $153,370. Labels and Amount Descriptions Cash used for dividends Cash used for equipment Cash used for merchandise Cash used for purchase of land bws from oper es. Be sure to pegative adjust Cash used to retire mortgage note payable Cash from customers Cash from sale of common stock December 31, 20Y8 Decrease in cash Decrease in merchandise inventory Decrease in accounts payable Decrease in accounts receivable Labels and Amount Descriptions Decrease in accounts receivable St Decrease in prepaid expenses Depreciation For the Year Ended December 31, 2048 De Gain on disposal of equipment mil Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in cash Increase in merchandise inventory Increase in prepaid expenses Loss on disposal of equipment Labels and Amount Descriptions Increase in prepaid expenses Loss on disposal of equipment Loss on sale of investments gu Net cash flow from financing activities Net cash flow from investing activities bws 1 es. B. mi legati 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 income Net loss Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Yellow Dog Enterprises Inc. Statement of Cash Flows (Label) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: out this cash payments, decreases in cash, or any negative adjustments. Descriptions Statement of Cash Flows Label and Amount Descriptions Statement of Cash Flows anges in current operating and b e Cafows from used for investing activities - Rows cash payments decreases in cash or any negative adjustments UUDUSULULIUS Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows 16 Cash flows from (used for) financing activities: 22 Cash at the beginning of the year 23 Cash at the end of the year minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Drevious