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Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 2017, is as follows: Dec. 31,
Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 2017, is as follows: Dec. 31, Dec. 31, 20Y8 2017 Assets Cash $77,550 $63,280 97,240 104,540 129,580 138,910 3,930 Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets 232,160 5,660 282,970 (73,570) $514,490 (56,940) $490,820 0 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $108,040 $102,580 Mortgage note payable 147,250 Common stock, $1 par 16,000 10,000 Pald-in capital: Excess of issue price over par-common stock 240,000 138,000 Retained earnings 150,450 92,990 Total liabilities and stockholders' equity $514,490 $490,820 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $147,100. honroriatinn renartert on the income statement t25 ann TODOMESTAMOS Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2078 are as follows: a. Net income, $147,100. b. Depreciation reported on the income statement, $35,900. c. Equipment was purchased at a cost of $70,080, and fully deprecated equipment costing $19,270 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 t. Cash dividends declared and pald, 589,640 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 flows, 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 operating activities Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: O W Net cash flow from operating activities Clash rows from investing activities Next Statement of Cash Flows For the Year Ended December 31, 2048 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from Investing activities:
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