Prepare a statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2077, is as follows: Dec. 31, Dec. 31, 2018 2017 Assets Cash $59,730 $73,200 Accounts receivable (net) 91,780 98,670 Merchandise inventory 131,110 122,300 Prepaid expenses 5,340 3,710 Equipment 267,080 219,120 Accumulated depreciation equipment (69,440) (53,740) Total assets $485,600 $463,260 0 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $101,980 $96,820 Mortgage note payable 138,980 Common stock, $1 par 16,000 10,000 Paid-in capital: Excess of issue price over par-common stock 221,000 131,000 Retained earnings 146,620 86,460 Total liabilities and stockholders' equity $485,600 $463,260 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $154,010. b. Depreciation reported on the income statement, $33,890. C. Equipment was purchased at a cost of $56,150, and fully depreciated equipment costing $18,190 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. e. 6,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $93,850. Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activi Depreciation expense Changes in current operating assets and liabilities: Decrease in accounts receivable Increase in merchandise inventory Increase in prepaid expenses Increase in accounts payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash used for equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash used for dividends Cash used to retire mortgage note payable Net cash flow used for financing activities Decrease in cash Cash at the beginning of the year Cash at the end of the year