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		$54,710		$67,040
Accounts receivable (net)		84,060		90,380
Inventories		120,090		112,030
Prepaid expenses		4,890		3,390
Equipment		244,630		200,700
Accumulated depreciation-equipment		(63,600)		(49,220)
	Total assets	$444,780		$424,320
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$93,400		$88,680
Mortgage note payable		0		127,300
Common stock, $1 par		14,000		9,000
Paid-in capital: Excess of issue price over par-common stock		205,000		120,000
Retained earnings		132,380		79,340
	Total liabilities and stockholders equity	$444,780		$424,320

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, $135,780.
2. Depreciation reported on the income statement, $31,040.
3. Equipment was purchased at a cost of $60,590, and fully depreciated equipment costing $16,660 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. 5,000 shares of common stock were issued at $18 for cash.
6. Cash dividends declared and paid, $82,740.

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:
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 of the year		$