Instructions The comparative balance sheet of Yellow Dog Enterprises Inc, at December 31, 2078 and 2077, is as follows: 1 Dec 31, 20Y8 Dec 31, 2017 2 Assets 5 Cash $95,000.00 $110,000.00 4 Accounts receivable (net) 260,000.00 280,000.00 Inventories 520,000.00 450,000.00 Prepaid expenses 15,000.00 1 Equipment + Accumulated depreciation equipment 5,000.00 800,000.00 1,130,000.00 (235,000.00) (190,000.00) 9 Total assets $1,785,000.00 $1.455,000.00 10 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 15 Common stock, $10 par $75,000.00 $100,000.00 0.00 500,000.00 500,000.00 200,000.00 Dans in watermont Ann an 1000000 Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows 500,000.00 200,000.00 Instructions 13 Common stock, $10 par * Paid-in capital in excess of par-common stock 15 Retained earnings Total liabilities and stockholders' equity 400,000.00 100,000.00 580,000.00 785,000.00 $1,785,000.00 16 51,455,000.00 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: 2. Net Income, $250,000 b. Depreciation reported on the income statement, $135,000 c. Equipment was purchased at a cost of $420,000 and fully depreciated equipment costing $90,000 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 .. 30,000 shares of common stock were issued at $20 for cash. 1. Cash dividends declared and paid $45,000 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 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 outlows, cash payments, decreases in cash, or any negative adjustments Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows Prepare a statement of cash flows, using the indirect method of presenting cash flows from corating activities. Refer to the Labels and Amount Descriptions 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 outflows, cash payments, decreases in cash, or any negative adjustments Yellow Dog Enterprises Inc Statement of Cash Flows Label) 1 Cash flows from used for) operating activities: 2 3 Adjustments to reconcile net income to net cash flow from operating activities: 4 5 Changes in current operating assets and liabilities: 6 7 Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows 9 10 11 12 Cash flows from used for) investing activities: 13 10 15 I 16 Cash flows from (used for financing activities: 17 18 19 20 21 22 Cash balance, lanuary 1, 2018 23 Cash balance, December 31, 2018