Statement of Cash FlowsIndirect Method

The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:

		Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Cash		$61,270		$75,480
Accounts receivable (net)		94,140		101,750
Inventories		134,490		126,100
Prepaid expenses		5,480		3,820
Equipment		273,960		225,950
Accumulated depreciation-equipment		(71,230)		(55,410)
	Total assets	$498,110		$477,690
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$104,600		$99,840
Mortgage note payable		0		143,310
Common stock, $1 par		16,000		10,000
Paid-in capital in excess of par-common stock		237,000		135,000
Retained earnings		140,510		89,540
	Total liabilities and stockholders equity	$498,110		$477,690

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:

1. Net income, $130,480.
2. Depreciation reported on the income statement, $34,570.
3. Equipment was purchased at a cost of $66,760 and fully depreciated equipment costing $18,750 was discarded, with no salvage realized.
4. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.
5. 6,000 shares of common stock were issued at $18 for cash.
6. Cash dividends declared and paid, $79,510.

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.
Statement of Cash Flows
For the Year Ended December 31, 20Y8
Cash flows from (used for) 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 (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 balance, January 1, 20Y8
Cash balance, December 31, 20Y8		$