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, 20Y8 Dec. 31, 2017 $87,670 $107,330 134,720 144,690. 192,450 179,330 7,840 5,430 392,030 321,300 (101,930) (78,800) $712,780 $679,280 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $149,680 $141,970 Mortgage note payable 0 203,780 Common stock, $1 par 22,000 14,000 Paid-in capital: Excess of issue price over par-common stock 344,000 192,000 Retained earnings 197,100 127,530 Total liabilities and stockholders' equity $712,780 $679,280 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, $178,100. b. Depreciation reported on the income statement, $49,800. c. Equipment was purchased at a cost of $97,400, and fully depreciated equipment costing $26,670 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 $20 for cash. f. Cash dividends declared and paid, $108,530. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out fle