Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 20Y8 Dec. 31, 2017 Assets Cash Accounts receivable (net) Inventories $51,890 79,740 113,920 4,640 232,050 (60,330) Prepaid expenses Equipment Accumulated depreciation equipment $63,400 85,460 105,920 3,210 189,790 (46,540) $401,240 Total assets $421,910 $88,600 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par $83,860 120,370 8,000 113,000 76,010 13,000 208,000 112,310 Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity $421,910 $401,240 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, $92,930. b. Depreciation reported on the income statement, $29,540. c. Equipment was purchased at a cost of $58,010 and fully depreciated equipment costing $15,750 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. 5,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $56,630. 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