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, Dec. 31, 20YS 2017 Assets Cash $55,740 $68,300 92,080 85,650 122,350 4,980 114,140 3,460 Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation equipment Total assets 249,230 (64,800) 204,480 (50,150) $432,310 $453,150 $95,160 $90,350 0 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital: Excess of issue price over par common stock Retained earnings Total liabilities and stockholders' equity 129,690 9,000 122,000 14,000 207.000 136,990 $453,150 81.270 $432,310 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, $142.640. b. Depreciation reported on the income statement, $31,620. c. Equipment was purchased at a cost of $61,720, and fully deprecated equipment costing $16,970 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 c. 5,000 shares of common stock were issued at $18 for cash f. Cash dividends declared and paid. 585.920, 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, 2048 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities : Changes in current operating nets and liabilities: Q I ll I di 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 year Cash at the end of the year