Instructions The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Labels and Amount Descriptions 1 2 Dec. 31, 2018 Dec. 31, 2017 Assets 3 Cash 4 Accounts receivable (net) $95,000.00 $110,000.00 260,000.00 280,000.00 5 Inventories 520,000.00 450,000.00 6 Prepaid expenses 7 Equipment 8 Accumulated depreciation-equipment 15,000.00 5,000.00 1,130,000.00 800,000.00 (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) $100,000.00 $75,000.00 12 Mortgage note payable 0.00 500,000.00 13 Common stock, $10 par 500,000.00 200,000.00 14 Paid-in capital in excess of par-common stock 400,000.00 100,000.00 15 Retained earnings 785,000.00 580,000.00 16 Total liabilities and stockholders' equity $1,785,000.00 $1,455,000.00 Labels Cash flows from (used for) operating activities Cash flows from (used for) investing activities Cash flows from (used for) financing activities December 31, 20Y8 For the Year Ended December 31, 20Y8 Amount Descriptions Cash paid for dividends Cash paid for equipment Cash paid for merchandise Cash paid for purchase of land Cash paid to retire mortgage note payable Cash received from customers Cash received from sale of common stock Cash balance, January 1, 20Y8 Cash balance, December 31, 20Y8 Decrease in inventories Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation Gain on disposal of equipment Gain on sale of investments