Instructions The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: 1 Dec 31, 20Y8 Dec 31, 2017 2 Assets 3 Cash $146,190.00 $179,070.00 4 Accounts receivable (net) 224 940.00 241,100.00 5 Merchandise inventory 322,390.00 299,700.00 6 Prepaid expenses 12,670.00 9,450.00 7 Equipment 655 160.00 537,730.00 Accumulated depreciation (170790,00 131.900.00 Instructions 7 Equipment . Accumulated depreciation 655,160.00 537,730.00 (131,900.00) (170,790.00) $1,190,560.00 9 Total assets $1,135,130.00 10 $250,640.00 $237,300.00 0.00 336,600.00 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 15 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par-common stock is Retained earnings Total Uabilities and stockholders' equity 73,000.00 23,000.00 500,000.00 310,000.00 366.920.00 228,230.00 $1,135,130.00 16 $1,190,560.00 Instructions 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, $291,590 B. Depreciation reported on the income statement, 583,790. C. Equipment was purchased at a cost of $102,330 and fully depreciated equipment costing 344,000 was discarded, with no salvage realized. D. 10,000 shares of common stock were issued at $24 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 $152.900. Prepare a statement of cash flows, using the indirect method of presenting cash flows from coarating activities Refer to the Labels and Amount Descriptions complete the heading of the statement. Use the minus sign to indicate cash out flows cash payments decreases in cash or any negative adjustments Instructions Statement of Cash Flows Yellow Dog Enterprises Inc. Statement of Cash Flows (Label) 1 Cash flows from operating activities: 2 3 Adjustments to reconcile net income to net cash flow from operating activities. 4 Changes in current operating assets and liabilities: 9 10 11 iz Cash flows from used toimesting activities 14 instructions Statement of Cash Flows 8 9 10 11 u Cash flows from (used for) investing activities: 15 14 15 14. Cash flows from (used for} financing activities 17 19 23 u Cash at the beginning of the year Cash at the end of the year