Statement of Cash Flows$-$Indirect Method

The comparative balance sheet of Yellow Dog Enterprises Inc. at December $31,20Y8$ and $20$Y$7,$ is as follows:

Dec. $31,20Y8$ Dec. $31,20Y7$

Assets

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, $$1$ par

Paid$-$in capital in excess of par$-$common stock

Retained earnings

Total liabilities and stockholders' equity

$\backslash$table$[[$$$88,610,$$$108,820$