Statement of Cash FlowsIndirect 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
Assets
Cash		$75,130		$91,880
Accounts receivable (net)		115,450		123,860
Inventories		164,920		153,530
Prepaid expenses		6,720		4,650
Equipment		335,960		275,050
Accumulated depreciation-equipment		(87,350)		(67,460)
	Total assets	$610,830		$581,510
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$128,270		$121,540
Mortgage note payable		0		174,450
Common stock, $1 par		19,000		12,000
Paid-in capital: Excess of issue price over par-common stock		297,000		164,000
Retained earnings		166,560		109,520
	Total liabilities and stockholders equity	$610,830		$581,510

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:

1. Net income, $146,020.
2. Depreciation reported on the income statement, $42,720.
3. Equipment was purchased at a cost of $83,740, and fully depreciated equipment costing $22,830 was discarded, with no salvage realized.
4. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.
5. 7,000 shares of common stock were issued at $20 for cash.
6. Cash dividends declared and paid, $88,980.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Yellow Dog Enterprises Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y8
Cash flows from operating activities:
	$
Adjustments to reconcile net income to net cash flow from operating activities:
Changes in current operating assets and liabilities:
Net cash flow from operating activities		$
Cash flows from investing activities:
	$
Net cash flow used for investing activities
Cash flows from financing activities:
	$
Net cash flow used for financing activities
		$
Cash at the beginning of the year
Cash at the end of the year		$