Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 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, 20Y8 Dec. 31, 2017 $90,290 $110,760 138,740 149,320 198,200 185,080 8,070 5,610 403,740 331,590 (104,970) (81,320) $734,070 $701,040 Accounts payable (merchandise creditors) $154,150 $146,520 Mortgage note payable 0 210,310 Common stock, $1 par 24,000 15,000 Paid-in capital in excess of par-common stock 333,000 198,000 Retained earnings 222,920 131,210 Total liabilities and stockholders' equity $734,070 $701,040