Dec. 31, Dec. 31, 20Y8 2017 Assets Cash $53,750 $65,940 82,590 88,890 117,990 110,170 4,810 3,340 Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets 240,340 197,400 (62,490) (48,410) $436,990 $417,330 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $91,770 $87,220 Mortgage note payable 0 125,200 Common stock, $1 par 14,000 9,000 Paid-in capital: Excess of issue price over par-common stock 193,000 118,000 Retained earnings 138,220 77,910 Total liabilities and stockholders' equity $436,990 $417,330 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, $154,390. b. Depreciation reported on the income statement, $30,460. c. Equipment was purchased at a cost of $59,320, and fully depreciated equipment costing $16,380 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. 5,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $94,080. Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 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 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