Question 1 5 pts using PR 13-2A pp. 650-651 the net cash flows from operating activities is 230000 215000 225000 220000 OPCIA CUCCO Obj. 2.3. er 31, 2048 and om ies, DOO PR 13-2A Statement of cash flows-indirect method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 is as follows: Dec 31, 20Y8 Dec. 31, 2017 Assets PLATE $ 80,000 $100,000 275,000 15, 300,000 510,000 110, 400,000 15,000 $ 10,000 1,070,000 750,000 (200,000) 0,000 (160,000) $1,750,000 $1,400,000 Cash ........................ Accounts receivable (net).......... Inventories .......................... Prepaid expenses .......................... Equipment....................... Accumulated depreciation-equipment. Total assets ........... Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) .... Mortgage note payable........... Common stock, $10 par.................. Paid-in capital: Excess of issue price over par--common stock. Retained earnings......... Total liabilities and stockholders' equity....... $ 100,000 .................... 600,000 300,000 750,000 $1,750,000 $ 90,000 400,000 200,000 100,000 610,000 $1,400,000 Chapter 13 Statement of Cash Flows 651 Additional data obtained from the income statement and from an examination of the ac- counts in the ledger for 20Y8 are as follows: A. Net income, $190,000. B. Depreciation reported on the income statement, $115,000. C. Equipment was purchased at a cost of $395,000 and fully depreciated equipment costing $75,000 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. E. 40,000 shares of common stock were issued at $15 for cash. F. Cash dividends declared and paid, $50,000. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities