Show Me How Print Item Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 $83,800 $102,470 128,760 138,1s0 183,940 171,220 7,490 5,190 374,700306,770 (97,420) (75,230) $681,270 $648,570 Cash Accounts receivable (net) Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital: Excess of issue price over par-common stocik Retained earning $143,070 $135,550 0 194,570 22,00014,000 303,000 183,000 213,200 121,450 $681,270 $648,570 Total liabilties and stockholders' equity the accounts in the ledger for 20Y8 are as follows Additional data obtained from the income statement and from an examination of a. Net income, $234,880. b. Depreciation reported on the income statement, 47,650. c. Equpment was purchased at a cost of $93,390, and fulily depreciated equioment costing $25,460 was discarded, with no salvape 5 more Check My Work uses romaining MacBook Air FIVO F7 del