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Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2077, is as follows: Dec. 31,

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Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2077, is as follows: Dec. 31, 20Y8 Dec. 31, 2017 Assets Cash $97,540 $79,510 122,180 131,500 174,540 Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation equipment 7,110 355,540 (92,440) 162,970 4,940 292,010 Total assets (71,610) $617,350 $646,440 $135,750 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital in excess of par-common stock 0 $129,030 185,210 13,000 21,000 294,000 195,690 174,000 116,110 Retained earnings Total liabilities and stockholders' equity $646,440 $617,350 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $203,720. b. Depreciation reported on the income statement, $45,070. c. Equipment was purchased at a cost of $87,770 and fully depreciated equipment costing $24,240 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. 8,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $124,140. Arsare a statemant of cash flows, using the indirect method of presenting conth nown from operating netveles. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from (used for) operating activities: Net Income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Changes in current operating assets and liabilities: Decrease in accounts receivable Increase in inventories Increase in prepaid expenses Increase in accounts payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash paid for equipment 0 0 0000 0000 Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends Cash paid to retire mortgage note payable Net cash flow used for financing activities Net decrease in cash Cash balance, January 1, 20Y8 Cash balance, December 31, 2048

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