Instructions 1 2 Dec. 31, 2018 Dec. 31, 2017 Assets 3 Cash 4 Accounts receivable (net) s Merchandise inventory 6 Prepaid expenses $146,460.00 $179,930.00 224,660.00 242,920.00 321,290.00 299,000.00 13,120.00 10,510.00 7 Equipment 654,510.00 537,990.00 Accumulated depreciation (170,510.00) (132,770.00) 9 Total assets $1,189,530.00 $1,137,580.00 10 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) $249,550.00 $237,970.00 12 Mortgage note payable 0.00 335,000.00 13 Common stock, $10 par 75,000.00 25,000.00 14 Paid-in capital: Excess of issue price over par-common stock 500,000.00 330,000.00 15 Retained earnings 364,980.00 209,610.00 16 Total liabilities and stockholders' equity $1,189,530.00 $1,137,580.00 Instructions 12 Mortgage note payable 0.00 335,000.00 13 Common stock, $10 par 75,000.00 25,000.00 34 Paid-in capital: Excess of issue price over par-common stock 500,000.00 330,000.00 15 Retained earnings 364,980.00 209,610.00 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 2018 are as follows: 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 equipment costing $45,370 was discarded, with no salvage 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. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash out flows, cash payments, any negative adjustments. TAL Statement of Cash Flows Prepare a statement of cash Nows, using the indirect method of presenting cash flows from operating activities Refer to the Labels and Amount Descriptione list provided for the exact wording of the answer choices for text entries Be sure to complete the heading of the statement 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 (Label) Cash flows from operating activities Adjustments to reconcile net income to net cash flow from operating activities Changes in cumert operating assets and liabilities Check My Work 2 more Check My Work uses remaining Statement of Cash Flows 10: 34 Cash flows from (used for) investing activities: 17 IN Cash flows from (used for) financing activities: 2 " 20 21 11 Cash at the beginning of the year 21 Cash at the end of the year Previous