Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows. 1 Dec 31, 2048 Dec. 31, 2047 2 Assets 3 Cash $145,630.00 $180,110.00 224,520.00 241.890.00 321,860.00 299,730.00 4 Accounts receivable (net) 5 Merchandise inventory 6 Prepaid expenses 7 Equipment 8 Accumulated depreciation 12,550.00 10,220.00 655,090.00 537,200.00 (170,220.00) (132,040.00) 9 Total assets $1,189,430.00 $1,137.110.00 10 Liabilities and Stockholders' Equity $250,110.00 $237,190.00 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 0.00 335,380.00 Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows 120LOU 0,00 335.380.00 75,000.00 Instructions ALESS 12 Mortgage rate payable Common stock, $10 par * Paid in capital: Excess of issue price ever par common stock 13 Retained earnings Totat tilabilities and stockholders' equity 25.000.00 320,000.00 460,000.00 104,320.00 219,540.00 16 $1.189430.00 $1,137,110,00 Additional data obtained from the income statement and from an examination of the accounts in the leder for 2078 are as follows A Net income $330, 310 B. Depreciation reported on the income statement, $42,730 C Equipment was purchased at a cost 18102.440 and fully depreciated equipment costing 846 850 was discarded with no savage realized D. 10 000 shares of common stock were issued at $10 for cash The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty F Cash dividends declared and pard, 154,600 Statement of cash flows indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions 1 Dec. 31, 20Y8 Dec 31, 2017 2 Assets 3 Cash $145.630.00 $180, 110.00 224,520.00 241,890.00 321,860.00 299,730.00 + Accounts receivable (net) 5 Merchandise inventory 6 Prepaid expenses 7 Equipment Accumulated depreciation 12,550.00 10,220.00 655,090.00 537,200.00 (170,220.00) $1,189,430.00 (132,040.00) $1,137,110.00 9 Total assets 10 $250.110.00 $237,190.00 0.00 335,380.00 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 13 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par-common stock 15 Retained earnings 75,000.00 25,000.00 320,000.00 460,000.00 404,320.00 219,540.00 Total liabilitiae and.stockholderruit L120.430.00 611371100 $250,110.00 0.00 $237.190.00 335,380.00 25,000.00 75,000.00 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 13 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par -common stock 15 Retained earnings Total liabilities and stockholders' equity 460,000.00 404,320.00 $1,189,430.00 320,000.00 219.540.00 $1,137,110,00 16 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, $339,360 B. Depreciation reported on the income statement, $82,730 N. C Equipment was purchased at a cost of $162,440 and fully depreciated equipment costing $44,550 was discarded, with no salvage realized D. 10,000 shares of common stock were issued at $19 for cash. E The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty F. Cash dividends declared and paid $154,580