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 Accounts receivable (net) Inventories $58,170 89,380 127.60 Prepaid expenses 5,200 $71,210 96,000 118,970 3,610 213,180 (52,280) $450,690 Equipment Accumulated depreciation equipment 260,110 (67,630) $472,920 Total assets $99,310 $94,190 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 note payable 14,000 222,000 137,610 135,210 9,000 127,000 85,290 $450,690 Retained earnings Toshiline and charkholders' $472.920 Calculator 260,110 213,180 Equipment Accumulated depreciation equipment (67,630) (52,280) Total assets $472,920 $450,690 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $99,310 $94,190 Mortgage note payable 135,210 Common stock, $1 par 14,000 9,000 Paid-in capital: Excess of issue price over par-common stock 222,000 127,000 Retained earnings 137,610 85,290 Total liabilities and stockholders' equity $472,920 $450,690 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, $133,940. b. Depreciation reported on the income statement. $33,040. c Equipment was purchased at a cost of $64,620, and fully depreciated equipment costing $17,690 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 issued at $20 for cash. f. Cash dividends declared and paid $81,620. 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