Statement of cash flows-indirect method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Assets December 31, 2018 December 31, 20Y7 Cash Accounts receivable (net) $85,750 $104,750 131,760 141,210 Inventories Prepaid expenses Equipment Accumulated depreciation-equipment 188,210 175,020 7,670 5,300 383,420 313,580 (99,690) (76,900) Total assets $697,120 $662,960 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $146,400 $138,560 Mortgage note payable 0 198,890 Common stock, $1 par 22,000 14,000 Paid-in capital in excess of par-common stock 323,000 187,000 Retained earnings 205,720 124,510 Total liabilities and stockholders' equity $697,120 $662,960 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: 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, $207,900. b. Depreciation reported on the income statement, $48,820. c. Equipment was purchased at a cost of $95,870 and fully depreciated equipment costing $26,030 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 $18 for cash. f. Cash dividends declared and paid, $126,690. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Line Item Description Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Amount Amount Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 2018 Cash balance, December 31, 20Y8