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 $89,540 $110,070 137,580 148,380 196,530 183,910 8,010 5,570 Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets 400,360 (104,090) $727,930 329,510 (80,810) $696,630 $152,870 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital in excess of par-common stock $145,600 208,990 0 24,000 15,000 196,000 367,000 Retained earnings 184,060 131,040 Total liabilities and stockholders' equity $727,930 $696,630 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, $135,730. b. Depreciation reported on the income statement, $50,630 c. Equipment was purchased at a cost of $98,200 and fully depreciated equipment costing $27,350 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. 9,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $82,710. 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: 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: 10 bill [ 10 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, 2048 Cash balance, December 31, 2048