Statement of chwindirect method The companive balance sheet of Ye Dog Enterprises in December 11, 2018 and 2017, is as follows Dec 31, 20Y8 Dec 31, 2017 Assets Cash $51,230 562,970 Accounts receivable (net) 78,710 184,900 Inventores 112,460 105, 220 Prepaid expenses 4,500 3.190 Equipment 229,060 168.520 Accumulated depreciation equipment (59,560) (46,230) Total acts 5416,480 5.398,570 Llabilities and stockholders' Equity Accounts payable merchante creditor) 583,300 Mortgage note payable 119.570 Common stock, 11 par 13,000 3.000 Paid in capital in excess of a common stock 187.000 112.000 Metained earning 120.020 75.100 Totales and stockholders equity 5416,400 $39.570 Macrtion and from the come Matement and from an examination of the accounts we leder for 20 was follows Netwo, 1136,500 Deprecation reported on the income statement, $30,000 Equment was purchased at a cost of $56,190 and by deprecated equipment conting $25.650 was anded, with overeated d. The mortgage le pale was not due for six years, but the forme permited earlier Doment without nally .. 5,000 shares of common stock were issued at $16 for cash Cash dividends declared and paid $82,160 Required Prepare a Matement of cash flow, greindirect method fring the storting them to indicate chathayen, decreases in her any negative adjustments The mortgage note payable was not due for six years, but the terms permitted cartier payment without penalty e 5,000 shares of common stock were issued a 516 for cash Cash dividends declared and paid $83,180 Required Prepare a statement of cash flows, using the Indirect method of presenting anh fows from (ured Tur) operating activities. Une the minus sign to indicate cash outflows, cash payments, decreases in canh, or any negative adjustments Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 2048 Cash flows from (used for operating activites Adjustments to reconcile net income to net cash flows from used for operating activities Changes in current operating scuts and liabilities 0 000 pl Cash news from used for investing activities cash flows from used for) Tinancing activities Cash balance, January 1, UY Cash balance, December 31, 2018