Statement of Cash Flons-indirect Methud The comparative balance sheet of Yellaw Dog Enterprises Inc. at December 31, 20 Y and 20Y3, is as follows: Additional data obtained from the income statement and from an eramination of the accosunts in the ledger for 20v8 are ds followst a. Net income, $115,920. t. Depreciation reported on the income statement, 540,190 , c. Equipment was purchased at a cost of $78,610, and fully depreclated equipment costing $21,520 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. 7,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $70,649. Meuired: Prepare a stetement of cash flows, using the indirect method. Use the minus sign to indicate cash out fows, cash payments, decreases in cash, or any negative adjustrments. Yellow Dog Enterprises Inc. Statement of Cash Flows