Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $82,520 $100,910 126,800 136,040 Accounts receivable (net) Inventories 181,140 168,610 Prepaid expenses 7,380 5,110 302,100 Equipment Accumulated depreciation-equipment Total assets 368,980 (95,940) ) $670,880 (74,090) $638,680 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) ( $140,880 $133,480 Mortgage note payable 0 191,600 Common stock, $1 par 21,000 13,000 Paid-in capital: Excess of issue price over par-common stock 332,000 180,000 Retained earnings 177,000 120,600 Total liabilities and stockholders' equity $670,880 $638,680 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, $144,380. b. Depreciation reported on the income statement, $46,920. C. Equipment was purchased at a cost of $91,950, and fully depreciated equipment costing $25,070 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. 8,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $87,980. 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. 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: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow used for financing activities Cash at the beginning of the year Cash at the end the year