Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 2018 Dec. 31, 20Y7 Assets Cash $82,980 $101,690 Accounts receivable (net) 127,500 137,080 Inventories 182,150 169,910 Prepaid expenses 7,420 5,150 Equipment 371,040. 304,420 Accumulated depreciation-equipment (96,470) (74,660) Total assets $674,620 $643,590 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $141,670 $134,510 Mortgage note payable 0 193,080 Common stock, $1 par 22,000 14,000 Paid-in capital in excess of par-common stock 333,000 181,000 Retained earnings 177,950 121,000 Total liabilities and stockholders' equity $674,620 $643,590 e 11:47 91F Mostly sunny 6/25/2