Paste B 20 fx a. Net income, $169,570. A B C D F E The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2021 and 2020, is as Dec. 31, Dec. 31, 2021 2020 G H I J K M L Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating Yellow Dog Enterprises Inc. Assets Cash 5 Accounts receivable (net) 5 Inventories 7 Prepaid expenses 8 Equipment 9 Accumulated depreciation-equipment Total assets 10 11 Liabilities and Stockholders' Equity $62,050 $76,050 95,350 102,520 136,220 127,060 3,850 227,650 5,550 277,480 12 Accounts payable (merchandise creditors) 13 Mortgage note payable 14 Common stock, $1 par -72,140 -55,830 $504,510 $481,300 $105,950 $100,590 0 144,390 16,000 10,000 Operating Activities Changes in CA & CL: Net Cashflow from Operating Activities Paid-in capital: Excess of issue price over 226,000 136,000 15 par-common stock 16 Retained earnings 156,560 90,320 17 Total liabilities and stockholders' equity $504,510 $481,300 18 19 Additional data obtained from the income statement and from an examination of the accounts in the 20 a. Net income, $169,570. 21 b. Depreciation reported on the income statement, $35,200. 22 c. Equipment was discarded that was purchased at a cost of $68,720, was fully depreciated, and had 23 d. The mortgage note payable was not due for six years, but the terms permitted earlier payment e 6,000 shares of common stock were issued at $16 for cash. 24 222 25 26 f. Cash dividends declared and paid, $103,330. Investing Activities Net Cashflow from Investing Activities Financing Activities Net Cashflow from Financing Activities Change in Cash (O+I+F) 27 28 29 30 31 32 33 Cash at the beginning of the year PER Cash at the end of the year Change in Cash Check: 69 $ N