Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2047, is as follows: Dec. 31, 20Y8 Dec. 31, 2017 Assets Cash Accounts receivable (net) $61,350 94,270 $75,260 101,460 Inventories 134,670 125,750 Prepaid expenses 3,810 5,490 274,330 Equipment 225,300 Accumulated depreciation-equipment (71,330) (55,250) Total assets $498,780 $476,330 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $104,740 $99,550 142,900 Mortgage note payable Common stock, $1 par Paid-in capital in excess of par-common stock 16,000 236,000 10,000 134,000 Retained earnings 142,040 89,880 Total liabilities and stockholders' equity $498,780 $476,330 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, $133,530. b. Depreciation reported on the income statement, $34,780. c. Equipment was purchased at a cost of $67,730 and fully depreciated equipment costing $18,700 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. 6,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, $81,370. 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