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 Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment > Total assets Dec. 31, 2018 Dec. 31, 2017 $64,780 $79,050 99,530 106,570 142,200 132,080 5,790 4,000 289,650 236,650 (75,310) (58,040) $526,640 $500,310 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $110,590 $104,560 Mortgage note payable 0 150,090 Common stock, $1 par 18,000 11,000 Paid-in capital: Excess of issue price over par-common stock 274,000 141,000 Retained earnings 124,050 93,660 Total liabilities and stockholders' equity $526,640 $500,310