Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31. 2048 Dec. 31, 2047 Assets Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation equipment Total assets $54,990 84,490 120,710 4.920 245,880 (63,930) $447,060 $67,600 91,130 112,950 3,420 202,370 (49,630) $427,840 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $93,880 $89,420 Mortgage note payable 0 128,350 Common stock, $1 par 14,000 9,000 Paid in capitali Excess of issue price over par.common stock 206,000 121,000 Retained earnings 133,180 80,070 Total liabilities and stockholders' equity $447,060 $427,540 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: 3. Net income, $135,960. Additional data obtained from the income statement and from an examination of the accounts in the eager to Net income, $135.960. b. Depreciabon reported on the income statement, $31.100. c. Equipment was purchased at a cost of $60,310, and fully depreciated equipment costing $16,800 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 stued at $1 for cash f. Cash dividends declared and paid $82,850. Required: Prepare a statement of cash flows using the indirect method. 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, 2018 Cash flows from operating activities: Adjustments to recondere come to net cash flow from cering activities: Changes in current operating assets and Babies Tot cash flow from operating sites Cith flows from used for investing activities t hosed for investing activities eBook SHOW ME HOW Statement of Cash Flows For the Year Ended December 31, 2048 Cash flows from operating activities: Adjustments to reconcile net income to net cash Home from operating activities: Changes in current operating assets and lablities: mi. O HI ID Net cash flow from operating activities Cash flows from (used for investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow used for financing activities Cash at the beginning of the you Cash at the end of the year