Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 2017, is as follows: Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Dec. 31, 2018 Dec. 31, 20Y7 $48,130 $59,220 73,950 79,840 105,640 98,960 4,300 3,000 215,200 177,300 (55,950) (43,480) $391,270 $374,840 Accounts payable (merchandise creditors) $82,170 $78,340 Mortgage note payable 0 112,450 Common stock, $1 par 13,000 8,000 Paid-in capital in excess of par-common stock 201,000 106,000 Retained earnings 95,100 70,050 Total liabilities and stockholders' equity $391,270 $374,840