Statement of Cash FlowsIndirect Method

The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:

		Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Cash		$53,610		$65,910
Accounts receivable (net)		82,380		88,850
Inventories		117,700		110,130
Prepaid expenses		4,790		3,340
Equipment		239,740		197,310
Accumulated depreciation-equipment		(62,330)		(48,390)
	Total assets	$435,890		$417,150
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$91,540		$87,180
Mortgage note payable		0		125,150
Common stock, $1 par		14,000		9,000
Paid-in capital in excess of par-common stock		203,000		118,000
Retained earnings		127,350		77,820
	Total liabilities and stockholders equity	$435,890		$417,150

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:

1. Net income, $126,800.
2. Depreciation reported on the income statement, $30,320.
3. Equipment was purchased at a cost of $58,810 and fully depreciated equipment costing $16,380 was discarded, with no salvage realized.
4. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.
5. 5,000 shares of common stock were issued at $18 for cash.
6. Cash dividends declared and paid, $77,270.

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 outflows, cash payments, decreases in cash, or any negative adjustments.

Yellow Dog Enterprises Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y8
Cash flows from (used for) operating activities:
	$fill in the blank 2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank 4
Changes in current operating assets and liabilities:
	fill in the blank 6
	fill in the blank 8
	fill in the blank 10
	fill in the blank 12
Net cash flow from operating activities		$fill in the blank 13
Cash flows from (used for) investing activities:
	$fill in the blank 15
Net cash flow used for investing activities		fill in the blank 16
Cash flows from (used for) financing activities:
	$fill in the blank 18
	fill in the blank 20
	fill in the blank 22
Net cash flow used for financing activities		fill in the blank 23
		$fill in the blank 25
Cash balance, January 1, 20Y8		fill in the blank 26
Cash balance, December 31, 20Y8