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Help Additional data obtained from the income staltement and from an examination accounts in the ledger for 2 0 Y 8 are as follows: a

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Additional data obtained from the income staltement and from an examination accounts in the ledger for 20Y8 are as follows:
a. Net income, $78,050.
b. Depreciation reported on the income statement, $28,270.
c. Equipment was purchased at a cost of $55,630, and fully depreciated equipment costing $15,040 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 $20 for cash.
f. Cash dividends declared and paid, $47,560.
Required:
Prepare a statement of cash flows, using the indirect method. 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 31,20Y8
Cash flows from operating activities: q,
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 (used for) investing activities: q,
Net cash flow used for investing activities
Cash flows from (used for) financing activities:
Net cash flow used for financing activities
Cash at the beginning of the year
Cash at the end of the year
]

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