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 December 31, 20Y8 31, 2017 Cash Accounts receivable (net) $76,640 $94,010 117,760 126,740 Inventories Prepaid expenses Equipment Accumulated depreciation-equipment 168,230 157,090 6,850 4,760 342,680 281,440 (89,100) (69,020) Total assets $623,060 $595,020 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $130,840 $124,360 Mortgage note payable! 0 178,510 Common stock, $1 par 19,000 12,000 Paid-in capital in excess of par-common stock 273,000 168,000 Retained earnings 200,220 112,150 Total liabilities and stockholders' equity $623,060 $595,020 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, $225,460. b. Depreciation reported on the income statement, $43,440. c. Equipment was purchased at a cost of $84,600 and fully depreciated equipment costing $23,360 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. 7,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $137,390. 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, gr any negative adjustments, Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20YB Line Item Description 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: 0 0000 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, 20Y8 Cash balance, December 31, 20Y8 00030 QQ00 0000 0.0